The US has announced a blockade of Iranian oil-linked shipping, tightening pressure on already constrained Middle Eastern exports
The US has tightened its grip on energy exports from the Persian Gulf with a new naval blockade on Iranian supplies, risking fresh shocks to already fragile global markets.
The move appears intended to increase pressure on Tehran following unsuccessful efforts to secure a diplomatic off-ramp after the US-Israeli bombing campaign stalled. However, it has left American allies uncertain and drawn a pointed response from China, which has issued veiled warnings regarding US naval activity.
Why is the US blocking shipping…
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