US President Trump confirms the US Navy is executing an effective blockade of Iran, preventing any Iranian ships from crossing the Strait of Hormuz and successfully blocking Iran from exporting $25 billion worth of oil and freezing $350 million in cryptocurrency belonging to the Islamic Republic.
Key points
US Navy is executing an effective blockade of Iran.: US Navy is executing an effective blockade of Iran.
Prevents Iranian ships from crossing the Strait of Hormuz.: Prevents Iranian ships from crossing the Strait of Hormuz.
Successfully blocked Iran from exporting $25 billion worth of oil.: Successfully blocked Iran from exporting $25 billion worth of oil.
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This is an entry from: Live: Saudi Arabia says Houthi attacks threaten rapprochement with Iran
Trump says US navy carrying out 'effective' blockade of Iran
17 October 2026 03:45 BST
US President Donald Trump says the US Navy is carrying out an effective blockade of Iran and that no Iranian ship has been able to cross the Strait of Hormuz.
Earlier, Admiral Brad Cooper, who oversees US Central Command, said the US has blocked Iran from exporting $25 billion worth of oil through a naval blockade and has helped to freeze $350 million worth of cryptocurrency belonging to the Islamic Republic.
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