US reimposes naval blockade on Iran
Analysis based on 13 articles · First reported Jul 15, 2026 · Last updated Jul 15, 2026
The blockade and attacks on tankers have tightened Middle East crude supplies, with spot prices strengthening and prompt month prices rising above futures. Shipping through the Strait of Hormuz has slowed sharply, and analysts expect a slow recovery even after de-escalation.
On July 14, 2026, US President Donald Trump reimposed a naval blockade of all Iranian ports and threatened to hit power plants and bridges unless Tehran resumes negotiations, escalating the US-Iran conflict. Shipping data from Kpler showed a slight uptick in vessels transiting the Strait of Hormuz on Tuesday, with most linked to Iranian trade, ahead of the blockade. The US also stated that Iran attacked seven commercial ships over the past week, causing casualties. Attacks on Emirati supertankers have tightened Middle East crude supplies, with prompt prices rising above futures. Goldman Sachs noted that Gulf flow recovery may be slow even after de-escalation.
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