Iran closes Strait of Hormuz to ships of countries receiving frozen Iranian assets

Iran's military announced on Tuesday that vessels belonging to companies and states receiving funds from frozen Iranian assets will be barred from the Strait of Hormuz. The move is a direct response to President Trump's earlier declaration that losses from Iranian attacks on shipping would be covered by approximately $100 billion in frozen Iranian funds held in the US. The Strait of Hormuz is one of the world's most critical oil shipping chokepoints.

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🌍 World Iran threatens to bar firms benefiting from frozen assets from the Strait of Hormuz Interia Biznes · 1d ago 📈 Business Oil prices drop 8.7% as US-Iran tensions ease Money.pl · 1d ago 🌍 World Trump: Iran will pay for shipping damage from its frozen $100bn funds held by US Onet Wiadomości · 6d ago

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🌍 World Iran threatens to bar firms benefiting from frozen assets from the Strait of Hormuz Interia Biznes · 1d ago 📈 Business Oil prices drop 8.7% as US-Iran tensions ease Money.pl · 1d ago 🌍 World Trump: Iran will pay for shipping damage from its frozen $100bn funds held by US Onet Wiadomości · 6d ago