Strait of Hormuz blockade hurts Iran’s economy, threatens to spike energy prices

Source: The Hill News · Bias: Center

Summary

The U.S. blockade on the Strait of Hormuz has effectively shut down trade to and from Iran’s ports, cutting off an estimated 90 percent of the Middle Eastern country’s economy as the Trump administration looks to get Tehran back to the negotiating table, according to military officials. But the blockade, while already putting pressure on…

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Strait of Hormuz blockade hurts Iran’s economy, threatens to spike energy prices
The Hill News

Strait of Hormuz blockade hurts Iran’s economy, threatens to spike energy prices

Center

The U.S. blockade on the Strait of Hormuz has effectively shut down trade to and from Iran’s ports, cutting off an estimated 90 percent of the Middle Eastern country’s economy as the Trump administration looks to get Tehran back to the negotiating table, according to military officials. But the blockade, while already putting pressure on…