Iran threatens to block Strait of Hormuz to US vessels. An ex-IRGC commander issued a stark warning that not a single American ship will be allowed into the Persian Gulf and that the critical shipping strait will remain closed. This escalation carries significant implications for global oil markets and energy prices. The Strait of Hormuz is one of the world's most vital chokepoints, with roughly one-third of all seaborne traded oil passing through it. Any disruption to shipping in this region could trigger substantial increases in crude prices and create widespread economic consequences across global markets. Geopolitical tensions continue to drive volatility in energy commodities and shipping costs.
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