US sets Tuesday Iran port blockade, 20% Hormuz cargo toll
Why it matters: The move targets a waterway that carries about a fifth of global oil and gas, after fresh US-Iran strikes shook the region.
Why it matters: The move targets a waterway that carries about a fifth of global oil and gas, after fresh US-Iran strikes shook the region.
Why it matters: About 20% of global oil and LNG passes through the waterway, though US Central Command said shipping was still moving Saturday.
What's next: Iranian and US negotiators are due in Switzerland as Washington says ship traffic is still moving through the waterway.
What's next: The retaliation clouds an April ceasefire and raises the risk of wider fighting around the Strait of Hormuz.
Why it matters: The strikes hit traffic near the Strait of Hormuz and prompted Bahrain sirens as oil and gas route risks climbed.