On April 17, Iran claimed to have established a blockade against US and Israeli vessels in the Sea of Oman. This was followed by escalating tensions, with the US ready to seize Iran-linked ships. On April 19, Iran closed the Strait of Hormuz, impacting Bitcoin's price, and Kuwait declared force majeure on oil shipments. On May 4, the US destroyed six Iranian boats, while the Iranian military fired missiles and drones at vessels. On May 15, Iran's foreign minister stated that current negotiations are suffering from a lack of trust.
