HORMUZ UPDATE: Iran has now turned back 20 vessels attempting to cross the Strait of Hormuz today and the US "blockade" has turned back a total of 23 vessels. It appears we are now entering a complete shutdown of the Strait of Hormuz. Prior to the US blockade, vessels from Iran and Iran's allies were permitted to sail through the Strait of Hormuz. Now, under the US "blockade," the US is prohibiting vessels from accessing Iran's ports and coast. We may be seeing the first ever complete shutdown of Hormuz. More details to come shortly.(The Kobeissi Letter)