Iran declares blockade of the Strait of Hormuz and warns ships not to pass, increasing tensions in the Middle East.
Hormuz is a transit route accounting for approximately 20 to 30 percent of global oil supplies. If the disruption persists, international oil and financial markets could experience significant volatility due to concerns over supply shortages.
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Iran declares blockade of the Strait of Hormuz and warns ships not to pass, increasing tensions in the Middle East.
Hormuz is a transit route accounting for approximately 20 to 30 percent of global oil supplies. If the disruption persists, international oil and financial markets could experience significant volatility due to concerns over supply shortages.