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U.S. blockade stops at least $25 billion Iranian crude

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Story summary
  • U.S. forces enforce a naval blockade that halts Iranian crude exports.
  • No tankers have docked at Kharg Island since late August, the longest idle period since February 2026.
  • U.S. Central Command says the blockade stopped at least $25 billion of Iranian crude exports.
  • UK Maritime Trade Operations logged 25 vessel attacks in the Strait of Hormuz in October, up from 18 in September.