This morning, the United States imposed a blockade on Iran's ports, including those in the Persian Gulf.

Our colleague Vera Bergengruen has been following the developments.

We saw the president threaten this massive blockade.

He said the U.S. military will now basically be stopping ships and chasing them down.

According to a senior official, more than 15 U.S. warships are positioned near the Strait of Hormuz,

including an aircraft carrier, an amphibious assault ship, and multiple destroyers.

Their goal, to prevent ships from leaving

major Iranian ports. Iran's Revolutionary Guard Navy said that any approach by military

vessels toward the strait would be treated as a violation of the ceasefire, according to a

state-linked media outlet. What does this mean for the ceasefire that, you know, started last week?

Will it hold?

That's a great question.

As of now, it is holding.

But again, I mean, what the president is threatening here is that in the course of instituting

this blockade, there may also be some limited strikes, as some officials told us

yesterday.

So if there's Iranian assets on either side of the shore, you know, targeting them, then they

might take them out. In that case, the ceasefire would definitely be considered to be broken.

We're in a weird position where technically both sides could accuse each other credibly

of violating the ceasefire, but they don't seem eager to resume the fighting.

What does this moment tell us about the next phase of the war, potentially?

I think what it tells us is that this has become very centered on the global economy,

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