Strait of Hormuz closed: Iran blocks key oil route after Israel-Hezbollah clash

📡 Financial Times · 1 min read ·
Iran has shut down the Strait of Hormuz, the world’s most critical oil passage, following an exchange of fire between Israel and Hezbollah. The move deals a major blow to U.S. President Donald Trump’s efforts to end the war with the Islamic republic. The closure blocks roughly 20% of global oil shipments, threatening to spike energy prices worldwide. Iran’s Revolutionary Guard confirmed the shutdown, citing “security concerns” after cross-border strikes. This escalation risks derailing months of diplomatic talks. Trump had pushed for a ceasefire and a broader deal with Tehran, but the sudden blockade raises the stakes for all sides. No timeline for reopening the strait has been announced.