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Iran closes Strait of Hormuz after fresh US strikes
The US has launched a second wave of airstrikes on Iran, targeting Qeshm Island and ports along the Strait of Hormuz, and Iran has responded by closing the strait to all vessels and launching drone strikes on US military bases in Bahrain and Kuwait. The Strait of Hormuz carries roughly 20% of the world's oil supply, meaning the closure threatens an immediate global energy crisis. Defense Secretary Pete Hegseth framed the campaign as negotiating "with bombs."
MarketStrait of Hormuz traffic returns to normal by end of June?
Strait of Hormuz traffic returns to normal by end of June?7% chance
