Trump · Fortune Technology
President Donald Trump announced Sunday that the U.S. Navy would immediately impose a blockade on the Strait of Hormuz
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That would turn the tables on the Islamic republic, which has effectively kept the narrow waterway closed with missile and drone strikes, keeping one-fifth of the world’s oil and liquefied natural gas bottled up in the Persian Gulf.
Key facts
- Before the U.S. and Israel began bombing Iran, 18 warships were in the Middle East, according to the Center for Strategic and International Studies
- Since the war started, the U.S. has deployed a Marine Expeditionary Unit, which typically includes three warships and more than 2,000 Marines
- The U.S. can implode Iran’s economy by shutting down its oil exports,” Robin Brooks, senior fellow at the Brookings Institution, wrote in a Substack on March 13
- Retired Admiral James Stavridis, who previously served as NATO’s supreme allied commander, estimated that blockading the Strait of Hormuz would require two aircraft carrier strike groups
Summary
President Donald Trump announced Sunday that the U.S. Navy would immediately impose a blockade on the Strait of Hormuz after ceasefire talks with Iran failed to produce a deal. At the same time as it’s been halting global supplies, Iran is letting its own oil exports through the strait, capitalizing on the massive spike in prices for crude. But a U.S. blockade of Hormuz would cut off the financial windfall Tehran is reaping and further hobble an economy that was crashing even before the war started six weeks ago.