The U.S. naval blockade on Iran is already crushing its economy, and efforts to divert shipments over land are not providing much relief. Before the war, more than 80% of Iran’s trade tonnage transited by sea via southern ports, but that’s been closed off. U.S. Central Command said Sunday, it has redirected 109 commercial vessels
A U.S. government watchdog released its first report on the impact of the Iran war on Monday, acknowledging the military’s advanced weapons shortfalls and offering the first public look at the damage to American aircraft, bases and diplomatic outposts in the Middle East. Much of the information has been previously reported over the past six months, but the Pentagon inspector
One of the hottest debates in the energy industry right now is how much oil is actually coming out of the Persian Gulf, and the answer could determine how long the Iran war lasts. Iran insists the Strait of Hormuz is closed and that it has control of the narrow waterway, which saw 20 million
The U.S. and Iran remain deadlocked over reopening the Strait of Hormuz as each side tries to see how long the other can hold out, and signs of significant oil flows out of the Persian Gulf indicate President Donald Trump is betting he has additional leeway. In the past week, the administration has pushed back
