US to blockade Iran’s ports from Monday, Iran threatens ‘severe’ response: Why the strategy reversal

What Happened

The United States announced a blockade of Iranian ports beginning Monday at 10:00 ET, following failed talks in Islamabad. The US military later clarified it will not block vessels to non-Iranian destinations. Oil prices climbed above $100 per barrel. Iran threatened to deal severely with approaching military vessels. The blockade aims to restrict Iran's oil revenue and war financing after sanctions were lifted weeks earlier.

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