economic
Strait of Hormuz Shut Down
IRGC Navy declares Strait of Hormuz 'closed to hostile traffic.' Over 150 tankers anchored. 15 million barrels/day of oil transit disrupted. Oil surges past $142/bbl. Lloyd's of London suspends Gulf shipping insurance.
Sources
- T1 IRGC Navy Official middle_eastern
- T2 Bloomberg Major western
- T3 Kpler Institutional international
- T2 CGTN Major eastern