US military disables Panama-flagged tanker in violation of blockade in Strait of Hormuz
The U.S. military disabled a Panama-flagged cargo tanker on Tuesday attempting to transit the Gulf of Oman in violation of the U.S. naval blockade in the Strait of Hormuz, U.S. Central Command (Centcom), which oversees the action of U.S. forces in the Middle East, announced. The U.S. Navy MH-60 helicopter fired two Hellfire missiles into...
Iranian commerce chief warns American blockade will cost Iran $18 billion annually, urging any means necessary to end it. Majidreza Hariri, head of the Iran-China Joint Chamber of Commerce, told Khabar Online that Iran has invested in infrastructure to boost trade, increasing bilateral trade from $3 billion to $10 billion. However, Hariri argues that relying solely on land trade would limit Iran's import and export capacity to just 20%, and Iran lacks strong trade relationships with many neighbors.
He estimates a container shipped from China to Iran would be four times more expensive by land at around $12,000, resulting in an additional $18 billion in costs for Iranians annually. Hariri urges Iran to end the blockade, whether through negotiations, threats, or renewed war, to prevent economic collapse and shortages.
Written by urgent.news from Jerusalem Post's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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