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At Least 50 Iranian Tankers Are Stuck in the Gulf as U.S. Blockade Holds

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At Least 50 Iranian Tankers Are Stuck in the Gulf as U.S. Blockade Holds | Gold market brief illustration

The U.S. blockade on Iranian oil exports has so far stranded at least 50 Iranian tankers laden with oil inside the Persian Gulf near Iran’s coastline, U.S.-based non-profit and non-partisan policy organization United Against Nuclear Iran (UANI) said in its latest shipping update this week. After the collapse of the ‘deal to make a deal’, the U.S. Navy reinstated in mid-July the blockade in the Gulf of Oman outside the Strait of Hormuz to force Iran’s oil exports to zero and gain leverage in negotiations. As of early October,…

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