Iran Closes Strait of Hormuz to Foreign Vessels Indefinitely
Iran's state broadcaster reports the Strait of Hormuz will remain closed to foreign ships until further notice, blocking entry or exit through the strategic waterway.
CLBZ
According to Iran's state broadcaster IRIB, the Strait of Hormuz will remain closed to foreign vessels until further notice. No entry or exit of foreign ships is permitted through the strait.
The Strait of Hormuz is a critical chokepoint for global oil and gas shipments. This extended closure could tighten oil supply and boost crude prices, as the waterway handles a significant portion of the world's seaborne oil trade.
Source: First Squawk