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

Posted 3 hours ago by

The Hill

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...