President Trump announced a US naval blockade of the Strait of Hormuz on Sunday, ordering the Navy to intercept all vessels entering or leaving the waterway effective immediately. The move follows the collapse of a key sticking point in peace talks held in Islamabad, where Trump said most issues had been resolved but Iran refused to concede on its nuclear program. Trump posted the order directly on Truth Social, describing the Navy as blocking 'any and all Ships' transiting the strait. The Strait of Hormuz is the world's most critical oil chokepoint, through which roughly 20% of global petroleum supply passes daily. A sustained blockade would disrupt shipments from Saudi Arabia, the UAE, Iraq, Kuwait, and Iran itself, triggering immediate pressure on crude prices, tanker insurance rates, and energy security calculations across Asia and Europe. The next pressure points to watch: Iranian counter-moves in the strait, compliance by non-US flagged vessels, and whether Gulf exporters activate alternative pipeline routes.
Iranian armed forces attacked a cargo ship in the Strait of Hormuz on Thursday, briefly halting traffic through the waterway. The strike threatens a fragile US-Iran arrangement and could push shipping insurance costs and oil prices higher.
The US has struck Iran, with President Trump citing an Iranian attack on a ship in the Strait of Hormuz as justification. The action raises immediate risks for global oil flows through one of the world's most critical shipping chokepoints.
The US struck ten Iranian targets on the second consecutive day of military action, putting a fragile ceasefire under serious pressure. The escalation raises immediate risks for Gulf shipping, global oil supply, and regional stability.
Venezuela's twin earthquakes, magnitudes 7.2 and 7.5, have killed at least 164 people and injured 971, interim president Delcy Rodriguez confirmed Thursday. The quakes are the country's strongest since 1900, collapsing buildings across Caracas and prompting a state of emergency, with the death toll expected to rise as
