Trump uses ceasefire agreement to blockade the Strait of Hormuz, causing Iran an estimated daily economic loss of about $435 million
Svmuu News: Trump reposted a Washington Post article, indicating that during a meeting with Iranian officials in Islamabad, the United States has ordered destroyers to the Persian Gulf to impose a military blockade on all traffic entering and leaving Iranian ports. This action aims to cut off Iran's oil exports and energy revenue. According to analysis by Miad Maleki, a former official of the U.S. Treasury Department's Office of Foreign Assets Control, this move will cause Iran an estimated daily economic loss of about $435 million. Currently, the U.S. Navy is using the ceasefire period to clear mines laid by Iran, establishing safe passage for international escort missions. If Iran refuses to open the strait to all vessels, the United States will enforce passage through military force and prohibit Iranian-flagged ships from passing. Reports from the U.S. Central Command show that in prior military operations, the United States and Israel have destroyed 80% of Iran's air defense systems, 90% of its naval power, and 80% of its nuclear industry facilities.
No AI analysis yet. Tap the "AI Analysis" button above to generate one now.
Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
24H Trending
-
1
The 10-year U.S. Treasury yield is down approximately 8 basis points from its previous close, currently at 4.96%.
-
2
Google and Microsoft's Q3 capital expenditure falls short of estimates, raising concerns about AI build-out costs and delays
-
3
Report: Hedge Funds Exit Bitcoin ETF Arbitrage Trades, Sovereign Wealth Funds and Retail Investors Step In
-
4
New ECB staff estimates show bond yield rise cutting 2027-28 growth by a cumulative 100 BPS and inflation by 90 BPS vs Sept baseline.
-
5
Israel continues its attacks on Gaza, with the Gaza Ministry of Health stating that dozens have died while awaiting permission to leave, renewing calls to open the Rafah crossing.
-
6
Iranian President Pezeshkian stated that Iran is ready to expand cooperation with Turkey to serve common interests and enhance regional security.
-
7
Event prediction platform Kalshi completes $1 billion funding round, reaching a valuation of $40 billion, with non-sports revenue run rate exceeding $1 billion.
-
8
DBS Hong Kong to launch DBS Vantage Card, Hong Kong's first Visa Infinite Privilege Card
-
9
Unlimit founder backs Phase blockchain with $45M as mainnet launches
-
10
onXRP Team to Launch New Trading Method on XRP Ledger Next Week
Markets Today
Recommended Reading


