In linux, writing to the system console is a blocking operation. If you have kernel logging to the console with a serial device - then you will have iptables (etc) blocked waiting for log messages to write to serial.
i.e.
vi /etc/grub/grub.cfg
kernel ... console=ttyS0,19200n8
iptables -A WHATEVER -j LOG ...etc
i.e.
vi /etc/grub/grub.cfg
kernel ... console=ttyS0,19200n8
iptables -A WHATEVER -j LOG ...etc
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