U.S. Blocks Iran Oil
Washington escalates economic pressure as Tehran threatens shipping and neighbors.
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Updated Aug 23, 6:58pm ETBoth sides, every morning
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The reporting
Iran’s crude offers to Chinese buyers for September and October have dropped from July and August after the U.S. reimposed a blockade of Iranian ports on July 13, with no Iranian supertanker sighted crossing the Strait of Hormuz since July. U.S. Treasury Secretary Scott Bessent said “economic D-Day is coming” for Iran ahead of a Monday news conference expected to detail new sanctions. Traffic through Hormuz has risen nearly 400% over two weeks as vessels use a U.S.-backed corridor. Iran’s PGSA issued a “Non-Compliant Vessels” blacklist and warned listed ships could be detained or seized.
Analysis & opinion
Hormuz ControlMostly Right
Iran’s control over the Strait of Hormuz is slipping as ships increasingly ignore its demands. U.S.-backed routing has weakened Tehran’s ability to use the strait as leverage in the war.
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