Iran's military command has officially announced the closure of the Strait of Hormuz, according to international sources. The decision directly impacts the flow of oil through this strategic waterway, which handles approximately 20% of global crude consumption.
The Strait of Hormuz, located between Iran and Oman, connects the Persian Gulf with the Gulf of Oman and the Arabian Sea. Closing this route could interrupt oil supplies from Gulf states including Saudi Arabia, Iraq, Kuwait, and the United Arab Emirates (UAE).
The move comes amid escalating tensions between Iran and Western nations, particularly over Tehran's nuclear program and economic sanctions. However, no specific timeline or duration for the closure has been provided.
Experts warn that the decision could trigger a sharp spike in global oil prices and exacerbate financial market instability. Countries heavily reliant on Middle Eastern oil will need to urgently seek alternative supplies.
International reactions are still pending, but many nations have condemned the action. The United States and its Gulf allies may consider deploying naval forces to ensure maritime security in the region.
