Ships have stopped moving through the Strait of Hormuz, an intelligence firm said, and oil prices resumed their climb Monday after U.S. President Donald Trump announced on social media that the United States would blockade the waterway.
U.S. Central Command later said the blockade would involve all vessels entering or departing Iranian ports and coastal areas, and that it would still allow ships traveling between non-Iranian ports to transit the strait, a step down from the president’s earlier threat to blockade the entire strait.
