On Sunday, President Donald Trump said in a statement that the U.S. Navy would blockade the Strait of Hormuz, doubling the impact of the current Iran...
It kills Iran’s ability to extract tolls from ships that want to get past.
I think the opposite. If ships are scared to trade with Iran, then toll costs go up on other shipping, to cover a higher Iran reparations bill. US military made much milder threat than Trump, which doesn’t include hunting down every ship that has passed SoH so far, or that may get Iran’s permission to pass now.
I think the opposite. If ships are scared to trade with Iran, then toll costs go up on other shipping, to cover a higher Iran reparations bill. US military made much milder threat than Trump, which doesn’t include hunting down every ship that has passed SoH so far, or that may get Iran’s permission to pass now.