Iran's Closure of Strait of Hormuz Sparks Global Concerns Over Oil Supply
Iran has completely shut down the Strait of Hormuz in response to US strikes, escalating tensions in the Gulf and posing significant risks to global oil supplies. This move could trigger a global energy shock, affecting trade, inflation, and economic growth worldwide.
Trump Claims U.S. Controls Strait of Hormuz Amid Rising Tensions with Iran
U.S. President Donald Trump declared that the Strait of Hormuz, a key global oil passage, is now under American control and not Iran's. The claim follows covert military assistance to over 100 million barrels of oil in recent months amid heightened tensions between the two nations.