The US naval blockade of Iranian ports, reimposed in mid-July 2026 after a brief June ceasefire collapsed, remains in active enforcement by CENTCOM, with over 135 vessels redirected, multiple ships disabled, and no tracked Iranian crude exports crossing the line since April. President Trump has publicly stated the measures will continue at least through the November 3 midterms, citing incompatible demands with Tehran over uranium enrichment and regional security. Iranian Revolutionary Guard forces have intensified attacks and restrictions on Hormuz shipping in response, reducing overall transits and keeping oil flows well below pre-conflict levels. Diplomatic talks show no breakthrough, and US officials describe the economic pressure as sustainable without new strikes. Trader consensus on an imminent US announcement ending the blockade reflects these entrenched positions and lack of qualifying developments.