How a US naval blockade of Iran could affect oil flows
A fresh US military move at Iran’s ports is set to squeeze global oil supplies, threatening to keep roughly two million barrels a day of Iranian crude off the market and raising the stakes for energy traders already on edge.
Below is a closer look at the blockade and what it could mean for oil flows worldwide.
What was announced?
After weekend peace talks in Islamabad between negotiators from the US and Iran ended without an agreement, President Donald Trump said the US Navy “will begin the process of BLOCKADING any and all…