"The blockade is intended to pressure Iran, which has exported millions of barrels of oil, mostly to Asia, since the war began. Much of it has likely been carried by so-called dark transits that evade sanctions and oversight, providing cash flow that's been vital to keeping Iran running."
"The fighting has killed at least 3,000 people in Iran, more than 2,000 in Lebanon, 23 in Israel and more than a dozen in Gulf Arab states. Thirteen U.S. service members have also been killed."
The U.S. has blockaded Iran's ports, intensifying the standoff as Iran threatens to strike regional targets. Despite a ceasefire holding, tensions over the Strait of Hormuz risk escalating hostilities. Talks to end the conflict, which began with U.S. and Israeli strikes on Iran, failed to yield an agreement. Pakistan is facilitating further discussions. The ongoing war has caused significant casualties and economic disruption, with the blockade aimed at pressuring Iran's oil exports, which have continued through covert means.
Read at Fortune
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