
Defense Secretary Pete Hegseth confirmed the U.S. Navy will maintain an indefinite blockade of Iran by rotating ships to enforce economic isolation following recent attacks on vessels.
Two ships owned by the Abu Dhabi National Oil Company were attacked in the Strait of Hormuz on Thursday, causing transit through the waterway to grind to a near standstill.
Treasury Secretary Scott Bessent announced that the U.S. plans to apply unprecedented financial measures against Iran next week, as global oil prices rose to approximately $87 and $81 per barrel.