Shipowners, energy traders and investors across financial markets have been keenly following its route through Hormuz as they try to understand the latest US effort to pressure Tehran
Iran, according to Nomura's estimates, has been the biggest beneficiary since the war broke out in terms oil revenues that rose 36 per cent y-o-y in March 2026 to $5.7 billion
If US enforces the blockade, the Iranian economy will suffer an enormous blow on top of the war destruction and will need to start shuttering oil wells in next few days as its storage tanks fill up
The US and Iran may again hold negotiations on April 16 after Islamabad talks failed; Tehran has offered a 5-year pause on uranium enrichment, shorter than the US's 20-year demand
Trump said that he posted the image because he thought it showed him as a doctor but didn't explain his decision to delete it
US military has provided few details on how it might carry out President Trump's orders as he seeks to pressure Tehran on a peace deal; but history and established practices offer some clues
US President Trump is trying to choke off the country's lifeline with a blockade of the Strait of Hormuz; but the Iranians are betting that his tolerance for political pain is limited
Trump later suggested he was willing to engage with Iran, saying he had spoken to 'the other side'
Trump alleged that despite media portrayals, Iran had been 'totally obliterated, militarily, and otherwise'
'This doesn't look staged, does it,' Trump joked as Sharon Simmons, a Door Dash Grandma, completed an unusual order, delivering the President's 'favourites' from the burger chain, at the Oval Office
US President Donald Trump signalled his own openness to more talks earlier Monday, saying good people from Iran had reached out
Speaking to other reporters, he added: "I have no fear of the Trump administration"
Shortly before addressing reporters, Trump wrote on Truth Social that maritime activity in the strait had surged
He issued a stark warning that any such vessels approaching a US "blockade" would be "immediately eliminated," describing the response as "quick and brutal"
The letter was subsequently released publicly by Congress, which subpoenaed the records from Epstein's estate
US forces will begin restricting Iran-linked ships in the Strait of Hormuz starting today. While others can pass, the move puts focus on key Gulf ports and risks to global oil supply routes
France and UK will hold a conference in the coming days to build support for a multinational mission to ensure safe navigation in the Strait of Hormuz, Macron said, amid US-Iran tensions
Earlier, US President Donald Trump said the US Navy would swiftly begin a blockade of ships entering or leaving the Strait of Hormuz
Foreign Ministry spokesman Guo Jiakun rejected reports that Beijing is set to supply military hardware to Tehran
As the US plans a blockade of the Strait of Hormuz after failed Iran talks, here's a look at how wartime blockades -- from world wars to today -- have disrupted trade and daily life globally