The United States has launched its fourth consecutive night of military strikes against targets in Iran. Concurrently, the U.S. has reimposed a naval blockade against the nation.
President Donald Trump had initially planned to implement a 20 percent fee for vessels transiting the Strait of Hormuz. However, following a 24-hour effort to persuade him, President Trump reversed this decision, abandoning the proposed toll.
In response to the renewed U.S. blockade, Tehran has threatened to halt all energy exports from the Middle East. Iran also indicated it might block additional vital seaways. This is a developing story and will be updated as details emerge.