Strait of Hormuz closed by Iran, world markets brace for oil shock
Strait of Hormuz closed by Iran. File photo
Strait of Hormuz closed by Iran. File photo
TEHRAN (Web Desk): Strait of Hormuz has been closed by Iran as the country blocked ships from key oil route, raising global supply fears.

A spokesperson for Iran’s Islamic Revolutionary Guard Corps (IRGC) announced that the Strait of Hormuz has been shut down. He said no vessel will be allowed to pass through this strategic waterway.

In an official statement, Iranian authorities said the move was taken due to the current security situation. They described it as a necessary step under rising tensions in the region.

Iran has also warned international shipping companies and oil tankers to stay away from the Strait of Hormuz. Officials made it clear that approaching the area could lead to serious consequences.

The Strait of Hormuz is considered one of the world’s most important maritime routes. A large portion of global oil shipments passes through this narrow channel every day. Analysts say that closing it could disrupt energy supplies and push oil prices higher in international markets.

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Experts believe this step may further increase tensions in the Middle East. It could also have a deep impact on the global economy if the closure continues for long.

The international community is closely monitoring the situation. Shipping companies and governments are now assessing risks as uncertainty grows.

This decision is serious. The Strait of Hormuz is vital for global oil trade. If it stays closed, prices may rise quickly. The world economy could feel pressure. Much now depends on how long this closure lasts and whether diplomacy can calm tensions.