Geopolitics
The renewed naval blockade hasn't come into effect yet, due to a legal requirement to notify ships owners 24 hours in advance, reports Axios' Ravid citing a US official
StockNow breaking-news AI analysis
A renewed US naval blockade of Iranian ports and planned strikes aim to degrade IRGC capabilities, causing oil prices to surge and accelerating strategic shifts to bypass the Hormuz chokepoint.
News detail
US Military Central Command will announce the specific timing later on Monday. A US defence official said the U.S. military has plans for several days of additional strikes in the Hormuz area and on Iran's southern coastline aimed at degrading the IRGC's ability to attack ships.
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