The U.S. military began blocking shipping traffic in and out of Iran’s ports, ?a move that would prevent roughly two million barrels of Iranian oil a day from entering the world’s markets, further ?tightening global supply. Here are details on the blockade and its implications for oil markets. WHAT WAS ANNOUNCED? After weekend peace talks in Islamabad between negotiators from the U.S. and Iran ended without a deal, President Donald Trump said the U.S. Navy “will begin the process of BLOCKADING any and all ships trying to enter, or leave, the ?Strait of Hormuz.” The U.S. Central Command said on…
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