Warning to Ships Raises Alarm
According to Reuters, an official said Iran has effectively shut the Strait of Hormuz. An official from the European Union’s maritime security mission Aspides reported that vessels received a VHF radio message from Iran’s Revolutionary Guards stating: “No ship will be allowed to pass through the Strait of Hormuz.”
However, the EU official noted there is still no confirmation of a formal order from Tehran. Iran has long warned it could close the strategic waterway in response to any attack.
Why the Strait of Hormuz Matters
The Strait of Hormuz is the world’s most critical oil transit chokepoint, linking major Gulf producers — including Saudi Arabia, Iran, Iraq, and the United Arab Emirates — to global markets.
About one-fifth of the world’s crude oil and a significant share of LNG exports, particularly from Qatar, pass through this narrow corridor.
Oil Prices React
Rising geopolitical tensions pushed Brent crude to around $73 per barrel, firmly above the $70 psychological level. The benchmark had already gained 2.65 percent on Friday and more than 9 percent over the past month.
Analysts warn that a prolonged disruption could drive prices sharply higher, potentially exceeding levels seen during the 2011 Hormuz tensions.
Who Would Be Hit Hardest
Data from Vortexa shows Saudi Arabia exports roughly 6 million barrels per day through the Strait of Hormuz — more than any neighboring country — meaning any sustained closure could quickly tighten global supply.
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