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A promising new stage in our six-week Iran \u201cexcursion\u201d began Sunday with President Trump\u2019s announcement that the US Navy, together with allies, will immediately begin to blockade \u201cany and all Ships trying to enter, or leave, the Strait of Hormuz.<\/a>\u201d<\/p>\n In wrestling terms, it\u2019s a classic \u201cswerve\u201d move by the president, flipping the tables on his opponent.<\/p>\n Iran thought they had the world over an (oil) barrel. Turns out they signed their own economic death warrant.<\/p>\n The blockade is an inspired tactic pushed by Treasury Secretary Scott Bessent and former Green Beret-turned-UN Ambassador Mike Waltz as the logical next step after the Chinese and Russians last week vetoed the UN Security Council resolution led by the Gulf States for international cooperation to reopen the Hormuz Strait<\/a>.<\/p>\n With half the US Navy positioned just outside the narrow strait, everything is in place to stop the ships Tehran needs to serve its biggest customer, China, which buys about 90% of Iran\u2019s oil.<\/p>\n