US imposes naval blockade of Strait of Hormuz
Reliability
Based on 22 sources
Publications (16)
Sources (22)Fact-Checking
58 claimsOil prices have surged above $100 per barrel.
Tehran has effectively closed the Strait of Hormuz to oil and other traffic since the start of US-Israel strikes on Iran in late February.
Brent crude surged to nearly $120 a barrel on March 9.
Open Questions
5 questionsThe US set a deadline of 2pm on Monday to begin a partial blockade.
According to The Independent - BusinessThe blockade began Monday 10 a.m. ET.
According to The Independent - WorldContext: The discrepancy in timing (2pm vs 10am) could indicate confusion or evolving plans; readers may question the accuracy of reporting.
Oil price rise attributed to breakdown of peace talks and US blockade announcement.
According to The Independent - BusinessOil price rise attributed to Iran's de facto blockade and the breakdown of talks.
According to The Independent - WorldContext: Different emphasis on the primary driver of price increases may affect understanding of market dynamics and policy responses.