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US, Iran may get back to table...
Financial Express Bengaluru
|April 15, 2026
SINCE THE UNITED STATES and Israel began the war on February 28, Iran effectively shut the Strait of Hormuz to nearly all vessels except its own, saying passage would be permitted only under Iranian control and subject to a fee.
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Nearly a fifth of global oil and gas supplies previously flowed through the narrow waterway, making the fallout widespread.
In a countermeasure, the US military said it began blocking shipping traffic in and out of Iran’s ports on Monday. Tehran has threatened to hit naval ships going through the strait and to retaliate against its Gulf neighbours’ ports.
A day into the US blockade, there had yet to be reports of Washington taking direct action against shipping to enforce it.
Shipping data showed at least three Iran-linked tankers transiting the Strait of Hormuz that were not heading to or from Iranian ports.
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