U.S. naval blockade blocks Iran oil shipments from Persian Gulf
WSJ reports the U.S. naval blockade has prevented Iran from shipping oil from the Persian Gulf, with the trend now moving against Tehran in the “battle of the blockades.”
By squeezing the Strait of Hormuz, the U.S. and Iran each expected time to favor them, but the balance now appears to be shifting against Tehran. The U.S. naval blockade has stopped Iran from shipping oil out of the Persian Gulf.