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- Iran military command says it's closing the Strait of Hormuz due to ceasefire violations
Iran's Khatam-al Anbiya military headquarters announced the closure of the Strait of Hormuz to all maritime traffic, citing U.S. ceasefire violations and Israel's non-withdrawal from Lebanon. The move threatens a significant disruption to global oil flows, with WTI already rising nearly $1 on Friday. Iran's negotiating team is still traveling to Switzerland, but warned the entire MoU is at risk if commitments go unfulfilled.
- Iran closes Strait of Hormuz over ceasefire violations - MEHR - Reuters
Iran has closed the Strait of Hormuz, citing ceasefire violations, according to Iran's MEHR news agency as reported by Reuters. The Strait of Hormuz is a critical chokepoint for global oil and gas shipments, handling roughly 20% of the world's oil supply. This action poses significant disruption risk to global energy markets and supply chains.
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