According to the semi-official Mehr News Agency, more than 3,700 cargo trucks are reportedly stalled at Iran’s borders with Turkey and Pakistan, with truckers alleging delays of up to 20 days amidst extreme heat and logistical shortages. Coinciding with a reported nearly 30% decline in non-oil exports to $15 billion, these trade disruptions occur against the backdrop of a US naval blockade of the Strait of Hormuz and recent cross-border attacks affecting Iraq-Saudi Arabia pipeline operations.
Trump calls US naval blockade of Strait of Hormuz ‘a very profitable business’
Summary
President Donald Trump described on Friday the US Navy’s seizure of Iranian ships in the Strait of Hormuz as “a very profitable business,” boasting that Washington had taken over Iranian cargo and oil as part of its blockade, Anadolu Agency reports. “We took over the cargo. Took over the oil, a very profitable business. Who would have thought, we’re sort of like pirates, but we’re not playing games,” Trump said at an event in the US state of Florida. Defending the blockade, Trump argued that Iran had used “the Hormuz Strait as a weapon for many, many years, they said they’ll close it. So, they closed it, then I closed it on them.” On the ongoing nuclear talks with Iran, Trump cast doubt on whether a deal was even desirable. “Frankly, maybe we’re better off not making a deal at all,” he said, but later claimed that the situation cannot be continued. READ: Iran submits new proposal to Pakistan to resume US talks on ending war The US and Israel began strikes against Iran on Feb. 28, prompting retaliation from Tehran against US allies in the Gulf and the closure of the Strait of Hormuz. A ceasefire was announced April 8 through Pakistani mediation, followed by talks in Islamabad on April 11-12, but no agreement was reached. Trump later unilaterally extended the truce without setting a new timeframe, at Pakistan’s request. Meanwhile, reports indicated that the Trump administration is seeking to form an international coalition to restore maritime traffic in the Strait of Hormuz. Since April 13, the US has enforced a naval blockade targeting Iranian maritime traffic in the waterway. READ: Trump says he is ‘not happy’ with Italy, Spain amid split on Iran
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President Donald Trump described on Friday the US Navy’s seizure of Iranian ships in the Strait of Hormuz as “a very profitable business,” boasting that Washington had taken over Iranian cargo and oil as part of its blockade, Anadolu Agency reports. “We took over the cargo. Took …
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