The Revolutionary Guards say the unnamed foreign ship was carrying 150,000 litres of diesel.
Raw material shortages, shipping snarls and electricity blackouts hit Yiwu city, the producer of most ornaments.
Pirates on five boats attacked two Iranian oil tankers but were repelled by army vessels, authorities said.
The halt is likely to further damage global supply chains, which are already struggling with COVID-19-related delays.
China has built ports in Myanmar, Sri Lanka and Pakistan. Can India counter Beijing’s economic diplomacy?
A stuck box of fertiliser captures the global supply chain crisis, which is preventing economic activity, hiking costs.
Taiwanese-operated vessel steamed out of the Suez last month after the owners reached a compensation deal with Egypt.
The shipping industry has been plagued by recent disruptions, which have driven freight rates to record highs.
Fears are growing the fast-spreading Delta variant could trigger a repeat of last year’s shipping nightmares.
Closure is raising fears of further strains on shipping and price increases for goods, which could fuel inflation.
Tehran denies being behind drone attack against Israel-linked tanker, but G7 says ‘evidence clearly points to Iran’.
Incident was initially reported as a ‘potential hijack’ amid heightened tensions around the Strait of Hormuz.
Diplomatic row over attack on MV Mercer Street escalates as Iran warns it is ready to respond to any security threats.
Zodiac Maritime says the incident involved Mercer Street, a Japanese-owned, Liberian-flagged oil tanker.
