Cryptic crossword clue
Iberian port fells a hobbit

The most common and most likely answer to this crossword clue is the 5 letter word BILBO

I've seen this crossword clue in The Times
B
I
L
B
O

Buddy explains!

The straight part
We know that "hobbit" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case hobbit = bilbo.
The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.
This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.

What does BILBO mean?

BILBO noun
  1. A device for punishment. See bilboes.
  2. A kind of sword with well-tempered and flexible blade, originally produced in Bilbao.

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