Oil Prices Surge As Iran Closes Strait Of Hormuz After U.S. Strikes | N18S

Oil Prices Surge As Iran Closes Strait Of Hormuz After U.S. Strikes | N18S

Global oil prices surged by more than $2 a barrel after Iran announced the closure of the Strait of Hormuz, one of the world’s most critical energy shipping routes, following fresh US strikes on Iranian targets.

Iran’s top joint military command declared that oil tankers and commercial vessels would no longer be permitted to pass through the strategic waterway, warning that any ship attempting transit could be targeted. The move has raised fears of major disruptions to global energy supplies and renewed instability in the Middle East.

Meanwhile, the US military said commercial shipping traffic continues to move through the strait and denied reports that American warships had been hit. The latest escalation comes after US forces launched additional strikes on multiple targets inside Iran, threatening to unravel a fragile ceasefire and reignite a broader regional conflict.

#StraitOfHormuz #Iran #UnitedStates #OilPrices #MiddleEast

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