finance
Iran Announces Closure of Strait of Hormuz to All Vessels
Iran stated Saturday that the Strait of Hormuz will remain closed until foreign interference ends. State media reported the Islamic Revolutionary Guard Corps fired a warning shot at a cargo ship attempting passage.
Jul 11, 7:28 PM·1m read4 sources
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Iran announced Saturday that it is closing the Strait of Hormuz to all vessels until foreign interference ends, according to state-run IRIB News. The Islamic Revolutionary Guard Corps said it fired a warning shot at a cargo ship that tried to transit the strait on Saturday despite prior warnings, the outlet added.
The announcement marks an escalation in tensions over shipping routes through the narrow waterway that carries a significant share of global oil exports.
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