Iran’s Revolutionary Guards announced the closure of the Strait of Hormuz "until further notice" on Sunday, a move that threatens to disrupt global energy markets. The decision followed an incident where the Guards fired warning shots at a vessel they claimed was using an unauthorized route.
This closure significantly escalates the ongoing conflict between Tehran and Washington. While the United States demands unrestricted navigation through the waterway, Iran insists on its right to regulate traffic and has even proposed charging fees for passage. International law, however, generally prohibits countries from imposing tolls on straits used for international navigation.
The Strait of Hormuz is one of the world's most vital maritime chokepoints, handling approximately one-fifth of global oil and liquefied natural gas (LNG) trade. Experts warn that any prolonged disruption will likely lead to a sharp rise in global energy prices.
The Revolutionary Guards stated the waterway would remain closed until "American interventions" in the region end. They also warned of potential strikes against "new enemy bases" if further military action is taken against them. This development follows days of exchanged strikes and threats between US and Iranian forces.
