Tehran (Web Desk): Iran has announced the closure of the Strait of Hormuz to all maritime traffic and commercial shipping, according to state media reports.
According to media reports quoting Iranian authorities, the decision has been taken amid escalating regional tensions, with Iranian authorities linking the move to recent geopolitical developments and rising security concerns in the area.
The closure is expected to significantly impact global shipping routes and energy transportation.
The Strait of Hormuz is considered one of the most strategic waterways in the world, as a large share of global crude oil and liquefied natural gas passes through this passage daily.
Any disruption in this route is likely to affect international trade, particularly energy markets, and could lead to increased shipping costs and supply chain delays.
Further details regarding the duration of the closure or conditions for reopening the waterway have not yet been officially disclosed.