Multiple outlets report that Iran has declared the Strait of Hormuz “closed” and warned vessels against transit. ~20% of global oil supply moves through this chokepoint, making the situation highly significant for energy markets. Legal blockade status remains unclear. Developments ongoing.
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🚨 UPDATE: STRAIT OF HORMUZ
Multiple outlets report that Iran has declared the Strait of Hormuz “closed” and warned vessels against transit.
~20% of global oil supply moves through this chokepoint, making the situation highly significant for energy markets.
Legal blockade status remains unclear. Developments ongoing.