Iranian President Masoud Pezeshkian acknowledged his country’s economic woes amid pressure from the U.S., which is strangling its trade while protecting other countries’ ships carrying oil through the Strait of Hormuz. Recent weeks have seen Tehran lose leverage over the critical energy chokepoint as traffic picks up, especially via a southern route along Oman’s coast.
Larak Island is just offshore from the key port of Bandar Abbas and sits right on the Strait of Hormuz, a vital waterway for global shipping. Iran is currently making tanker traffic pass by this island for checking and reportedly forcing vessels to pay $2m (£1.5m) to cross. Hossein Mohebbi, the IRGC’s spokesman called the
The U.S. can’t fully reopen the Strait of Hormuz, and Iran can’t stop every ship from transporting oil through narrow waterway. At the same time, the U.S. is preventing Iran from exporting its crude supplies or importing critical goods, while American forces grapple with munitions and readiness issues. The result has been a stalemate where
DUBAI, United Arab Emirates — The US military launched airstrikes on Sunday against Iran’s paramilitary Revolutionary Guard in retaliation for the killing of US troops in Jordan, further widening the crossfire between the nations as they fight over the Strait of Hormuz. The attacks, now part of a week-long campaign in which Iran has attacked
The war began with US and Israeli attacks on February 28, prompting Iran to attack Israel and US targets and allies in the Gulf. In June, the United States and Iran signed a ceasefire agreement, intended to facilitate talks to end it. Earlier this week, three commercial oil tankers were attacked as they attempted to
Large crowds of Iranians loyal to the Islamic Republic gathered in Tehran for the first day of funeral ceremonies for the country’s former supreme leader. Ayatollah Ali Khamenei was killed in joint US-Israeli airstrikes at the start of the war. Iranian state media says six days of ceremonies will span several locations in Iran and
