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Iran's Navy broadcast a radio message to merchant vessels declaring the Strait of Hormuz closed to transit, while ships attempting passage reported gunfire. The strait carries roughly one-third of global seaborne oil, making any enforced closure an immediate shock to energy supply and shipping insurance markets.
Iran's military declared it will keep the Strait of Hormuz under strict control until the US restores free passage for vessels trading with Iran. The move threatens roughly 20% of global crude oil supply and raises immediate risk premiums for tankers and energy markets. No resolution timeline has been set by either
Tag
Iran's Navy broadcast a radio message to merchant vessels declaring the Strait of Hormuz closed to transit, while ships attempting passage reported gunfire. The strait carries roughly one-third of global seaborne oil, making any enforced closure an immediate shock to energy supply and shipping insurance markets.
2mo ago · 1 min · Global Affairs
Iran's military declared it will keep the Strait of Hormuz under strict control until the US restores free passage for vessels trading with Iran. The move threatens roughly 20% of global crude oil supply and raises immediate risk premiums for tankers and energy markets. No resolution timeline has been set by either
2mo ago · 1 min · Global Affairs
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