Iran Re-closes Strait of Hormuz

The fragile ceasefire between the United States and Iran is at a breaking point following Tehran's decision to re-establish strict military control over the Strait of Hormuz.

Iranian officials cited the ongoing U.S. naval blockade of their ports as a 'breach of trust,' leading to immediate reports of gunfire directed at merchant vessels.

President Donald Trump has warned Iran against 'blackmail,' asserting that the U.S. will not allow the critical energy corridor to be weaponized.

Global oil markets remain volatile as diplomats in Pakistan struggle to salvage a framework for peace before next week's deadline.