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The US military set a start of April 13 at 10 a.m. New York time for the blockade.
The US Navy blockade of Iranian ports began April 13 and targets all vessels entering or leaving Iran.
KEY POINTS
- A UK naval group confirmed it is developing new routing and transit guidelines in response to the US blockade.
- The US blockade invalidates recent waivers allowing countries like India to buy sanctioned Iranian oil.
- Iran threatened to target all Persian Gulf and Sea of Oman ports if its shipping hubs are threatened.
- Iran has managed to impede others' shipping while keeping its own oil exports flowing, boosting revenues.
COMPANIES
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