U.S. Central Command reports American forces are blocking more than 70 tankers from entering or leaving Iranian ports. The action is part of an ongoing naval blockade under "Project Freedom," aimed at exerting economic pressure on Iran amid the 2026 conflict that began with U.S.-Israeli military strikes.
The blockade targets the Strait of Hormuz, a vital global oil transit chokepoint. Iran has responded with military actions against U.S. and allied vessels.
Prediction markets show a 69% probability of 20 ships transiting the strait by May 31, down from 76% a day ago. The odds of President Trump announcing the blockade's lifting by May 31 fell to 40.5%, from 50%. The chance of normal traffic by May 15 stands at just 3.6%.
Analysts say the tanker interception is consistent with expectations for continued disruption.