Economy

Strait of Hormuz closure triggers global energy and market shock

Iran's closure of the Strait of Hormuz has effectively frozen shipping through one of the world's most critical energy chokepoints, with 150 vessels stranded and maritime insurers pulling war risk cover for Gulf-bound ships entirely. Qatar — which supplies 20 percent of global LNG — has halted natural gas production after Iranian strikes hit key facilities. Investors are fleeing to gold rather than US Treasury bonds, a rare signal of deep uncertainty about America's own economic stability.

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