US Enforces Naval Blockade on Iran's Oil Exports; Tehran Proposes Diplomatic Path Via Pakistan
AI summaryThe US military has begun enforcing a naval blockade on all vessels entering or departing Iranian ports, aiming to halt the country's oil trade, which was valued at around $45 billion in 2025. The move follows the collapse of US-Iran peace talks. In response, Iran has proposed a new initiative through Pakistani mediators to reopen the strategic waterway, while analysts warn of potential retaliation via the Bab al-Mandeb strait.