Tehran cites Israeli airstrikes and U.S. failure to meet agreement terms as grounds for the closure, disrupting key oil transit.
Iran’s Central Military Command announced the closure of the Strait of Hormuz, a critical chokepoint for global oil shipments, citing violations of a Lebanon ceasefire and unmet U.S. commitments. The move follows Israeli airstrikes in southern Lebanon that killed at least 16 people, derailing scheduled follow-up talks in Switzerland.
Earlier, U.S. and Iranian leaders had signed a preliminary ceasefire agreement, but tensions escalated after the airstrikes. The Strait of Hormuz handles roughly 20% of the world’s oil supply, and prior closures have triggered sharp price spikes in energy markets.
No immediate market reaction was reported, but analysts warn of potential volatility in crude oil futures if the closure persists.