Iran sends Gulf port warning after US threat to block Hormuz
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The US has announced a blockade on Iranian ports in the Strait of Hormuz, prompting a vow of retaliation from Iran's Islamic Revolutionary Guard Corps. The move comes after weekend peace talks in Pakistan faltered, and has led to a surge in oil prices and a decline in stock markets.
The US military will enforce a blockade on Iranian ports in the Strait of Hormuz. The blockade is set to begin at 10 a.m. ET and has been met with a vow of retaliation from Iran's Islamic Revolutionary Guard Corps. The Strait of Hormuz is a vital waterway that has been effectively closed by Tehran since the conflict began. About 20 million barrels of oil flow through the strait every day. The blockade has led to a surge in oil prices and a decline in stock markets. German Chancellor Friedrich Merz has expressed low expectations for a diplomatic solution, citing a lack of preparation for the talks.
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