Iran Closes Strait of Hormuz Again

Just hours after declaring the Strait of Hormuz open to commercial traffic, Iran's Islamic Revolutionary Guard Corps announced a return to strict management of the waterway.

This sudden reversal follows a series of conflicting messages from Tehran and Washington regarding the terms of a fragile ceasefire.

Reports have emerged of Iranian gunboats firing on merchant vessels, including a tanker and a container ship, as they attempted to navigate the channel.

The move has plunged global energy markets back into uncertainty, threatening to exacerbate a burgeoning jet fuel crisis and drive up consumer prices.