According to Bloomberg, US Central Command has stated that American forces will start blockading all maritime traffic moving in and out of Iranian ports. The action follows an announcement by the current President of the United States, which came after discussions between the US and Iran concluded without a deal.

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The military command indicated the blockade will be applied without bias to ships from any country that are accessing or leaving Iranian ports and coastal regions. This includes all Iranian facilities situated on the Arabian Gulf and the Gulf of Oman. However, US forces will not interfere with the right of passage for vessels traveling through the Strait of Hormuz to ports not affiliated with Iran.

Source: IndexBox Market Intelligence Platform