The Jerusalem Post reports: UThe United States military said it would block shipping traffic in and out of Iran’s ports starting at 10 a.m. ET on Monday, a move that would prevent roughly two million barrels of Iranian oil a day from entering the world’s markets, further tightening global supply.

Here are details on the planned blockade and its implications for oil markets.

What was announced?

After weekend peace talks in Islamabad between negotiators from the US and Iran ended without a deal, US President Donald Trump said the US Navy “will begin the process of blockading any and all ships trying to enter, or leave, the Strait of Hormuz.”