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๐Ÿ‡ง๐Ÿ‡ฉ Bangladesh /Economy & Trade

US can maintain Iran naval blockade indefinitely, will ramp up economic pressure

From Daily Star · () English

Translated from English, summarized and contextualized by DistantNews.

At a glance

News Named sources Context piece
  • The US stated it can maintain a naval blockade of Iran indefinitely and will increase economic pressure as ceasefire talks falter.
  • Defense Secretary Pete Hegseth confirmed the US Navy's capability to sustain the blockade by rotating ships, while Treasury Secretary Scott Bessent announced further financial measures.
  • Shipping traffic through the Strait of Hormuz has significantly decreased, with two UAE vessels attacked, intensifying regional tensions and impacting global oil supply.

The United States is prepared to indefinitely maintain a naval blockade against Iran, signaling a ramp-up in economic pressure as diplomatic efforts for a ceasefire stall. Defense Secretary Pete Hegseth asserted the U.S. military's capacity to sustain this blockade by rotating naval assets.

Treasury Secretary Scott Bessent echoed this stance, promising "measures like have never been seen in the history of economic isolation on a country" to be announced soon. This intensified economic pressure comes as ceasefire negotiations have faltered, with Iran attempting to leverage its control over the Strait of Hormuz, a critical global oil and LNG transit route.

Indefinitely the United States Navy can maintain a blockade like that because we'll rotate ships in and out, as we have, and we'll continue to.

โ€” Pete HegsethDefense Secretary Pete Hegseth told reporters that the US military has the capability to maintain a naval presence in the region to enforce its blockade of Iran.

Iran's actions, including attacks on vessels in the strait, have significantly reduced shipping traffic. Two vessels from the Abu Dhabi National Oil Company were reportedly attacked, an act the UAE government condemned as Iranian aggression. This escalation occurs as U.S. President Donald Trump faces domestic pressure due to high fuel prices impacting his approval ratings ahead of midterm elections.

Shipping traffic through the Strait of Hormuz has plummeted, with a drastic drop in vessels compared to pre-war averages. The U.S. had previously eased its blockade but has since reimposed it, severely impacting Iran's hard currency earnings and compounding losses from wartime strikes on its energy infrastructure. Washington has stated the blockade would be lifted once Iran and Oman agree to restore commercial shipping, a condition yet to be met.

Watch this space for more announcements coming next week because we are going to apply measures like have never been seen in the history of economic isolation on a country.

โ€” Scott BessentTreasury Secretary Scott Bessent said on Thursday that the United States planned to inflict more financial damage on Iran.
DistantNews Editorial

Originally published by Daily Star in English. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.