The Strait of Hormuz Crisis Explained - Double Blockade

Trump declared a naval blockade on Iran's ports after Iran blocked the Strait of Hormuz — a blockade of the blockade. Oil surged to $103/barrel before crashing to $93 as ceasefire talks emerged. Here's what happened in 48 hours. Timeline: 00:00 — Oil hits $98: the blockade goes live 00:19 — Pakistan brokers 21-hour emergency talks in Islamabad 01:14 — Trump declares blockade on Iranian ports 01:55 — Oil crosses $103, shipping insurance triples 02:56 — US Navy mines and the 34-mile chokepoint 03:55 — China's Rich Starry tanker defies the blockade 04:55 — Ceasefire expires April 21: what to watch 05:42 — Follow Money Maps Sources: CNBC, Reuters, Bloomberg, MarineTraffic Data: Real shipping routes via searoute, oil prices via Trading Economics #StraitOfHormuz #OilPrices #Trump #Iran #Blockade #Geopolitics #China #NavalBlockade #CrudeOil #HormuzCrisis #MoneyMaps #MiddleEast #OilMarket #USNavy #irgc Created with geotasker.ai