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Trump Blockade Slashes Hormuz Traffic, IMF Flags Recession Risk

4/23/2026

47 3 Full Breakdown

Summary

Story summary

Iran's parliament is drafting a law to control the Strait of Hormuz and levy tolls on vessels despite a blockade.
U.S. President Donald Trump ordered a blockade of Iranian ports and the Strait of Hormuz, and forces seized the cargo ship Touska.
Daily transits fell to fewer than ten, down from about 135 in peacetime.
The International Monetary Fund warned the energy shock could push the global economy into recession.

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Story summary

Iran's parliament is drafting a law to control the Strait of Hormuz and levy tolls on vessels despite a blockade.
U.S. President Donald Trump ordered a blockade of Iranian ports and the Strait of Hormuz, and forces seized the cargo ship Touska.
Daily transits fell to fewer than ten, down from about 135 in peacetime.
The International Monetary Fund warned the energy shock could push the global economy into recession.