U.S. Central Command will begin enforcing a blockade on all traffic entering and exiting Iranian ports starting Monday morning. The operation follows a presidential directive but will not encompass the entirety of the Strait of Hormuz.
- Blockade begins Monday, April 13, at 10 a.m. ET
- Targets all traffic entering and exiting Iranian ports
- Authorized via presidential directive
- Strait of Hormuz remains partially open to avoid total transit collapse
- High probability of immediate impact on crude oil prices
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