Image for representation purposes only U.S President Donald Trump has said that blocking Iranian ports and redirecting ships destined to the country has proved to be extremely profitable for his government. He said, “It’s a very profitable business. We’re sort of like pirates.” The naval blockade imposed around the Gulf of Oman has disrupted Iranian oil exports, a major source of revenue. Using this strategy, Washington aims to exert pressure on Tehran to reopen Hormuz and negotiate with the U.S since the talks in Pakistan failed. Iran has condemned U.S military action as unlawful and retaliated by tightening its control over the Strait of Hormuz. Tehran had agreed to completely reopen the Hormuz Strait if the U.S. lifts its blockade of Iranian ports and ends the war. However, it wanted to discuss matters such as the Nuclear Programme later, something the U.S. is not ready to dismiss at the moment. According to the Pentagon, over 40 ships suspected of carrying oil or contraband have been diverted since the blockade began. Reportedly, 31 tankers with 53 million barrels of Iranian crude are stranded in the Gulf, with an estimated value of $4.8 billion. Additionally, two ships have been seized by US forces. As land-based storage has reached its capacity, Iran has turned to old tankers to function as floating oil storage facilities. A few shipments are being sent through the longer and more expensive paths to China to prevent the ships from being intercepted by the U.S. Disclaimer : The information on this website is for general purposes only. While efforts are made to ensure accuracy, we make no warranties of any kind regarding completeness, reliability, or suitability. Any reliance you place on such information is at your own risk. We are not liable for any loss or damage arising from the use of this website. Related Posts IMO Honours Japanese Maritime Professor Momoko Kitada With Gender Equality Award 2026 Supertanker Carrying Iraqi Crude To Vietnam Resumes Voyage After US Navy Hold-Up Near Hormuz European Countries Begin Talks With Iran Over Strait Of Hormuz Ship Passage China’s AI-Controlled USVs Could Strengthen Maritime Surveillance In Disputed Waters Related Posts IMO Honours Japanese Maritime Professor Momoko Kitada With Gender Equality Award 2026 Supertanker Carrying Iraqi Crude To Vietnam Resumes Voyage After US Navy Hold-Up Near Hormuz European Countries Begin Talks With Iran Over Strait Of Hormuz Ship Passage Disclaimer : The information on this website is for general purposes only. While efforts are made to ensure accuracy, we make no warranties of any kind regarding completeness, reliability, or suitability. Any reliance you place on such information is at your own risk. We are not liable for any loss or damage arising from the use of this website. Related Articles IMO Honours Japanese Maritime Professor Momoko Kitada With Gender Equality Award 2026 Supertanker Carrying Iraqi Crude To Vietnam Resumes Voyage After US Navy Hold-Up Near Hormuz European Countries Begin Talks With Iran Over Strait Of Hormuz Ship Passage Latest News China’s AI-Controlled USVs Could Strengthen Maritime Surveillance In Disputed Waters New Type Of Floating Wave Energy Converter Deployed At Biscay Platform For Testing & Research Indian Navy’s First Next Generation Offshore Patrol Vessel To Be Launched This Month India-Bound LPG Tanker Carrying 20,000 MT Completes Strait Of Hormuz Transit Amid Regional Crisis Hantavirus-Hit Cruise Ship Arrives In Rotter