Strait of Hormuz showdown, US moves to choke Iran’s $45 billion oil trade

A US naval blockade will cut off Iran’s main source of hard currency by halting most of its oil exports. After US-Iran peace talks in Pakistan collapsed at the weekend, US President Donald Trump said the US Navy would block ships entering or leaving any Iranian port or coastal facility via the Strait of Hormuz. … The post Strait of Hormuz showdown, US moves to choke Iran’s $45 billion oil trade appeared first on Times Kuwait .

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