US reinstates Hormuz blockadereinstates Hormuz blockade amid Middle East attacks
The United States reinstated a blockade of the Strait of Hormuz following weekend attacks in the Middle East, causing oil prices to surge significantly.
This action disrupts a major global energy artery and signals a sharp escalation in regional tensions, raising fears of broader conflict.
- The Strait of Hormuz carries about 20% of the world's oil consumption daily.
- Iran has historically threatened to close the Hormuz passage during past regional conflicts.
- Oil prices jumped over 5% in early trading after the blockade announcement.
US-Iran-Israel War
The United States and Israel have resumed full-scale war with Iran after President Trump declared the June 17 Versailles peace agreement's ceasefire over on July 8, following Iranian attacks on commercial ships and U.S. bases in the Gulf. Trump launched massive new airstrikes on 90 military sites across Iran, including the Bushehr nuclear plant, while Iran has effectively closed the Strait of Hormuz, trapping 150–700 vessels and halting over 11 million barrels per day of Gulf crude.
13 July, 07:21 PM
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