🚨IRAN REPORTEDLY CLOSES STRAIT OF HORMUZ Strait of Hormuz has been declared “closed until further notice” by Iran’s semi-official Tasnim News Agency, which is linked to the Islamic Revolutionary Guard Corps.

Iran’s semi-official Tasnim News Agency, affiliated with the Islamic Revolutionary Guard Corps, reported the closure of the Strait of Hormuz “until further notice,” escalating geopolitical tensions in a critical global oil transit chokepoint. The announcement triggers immediate repricing in energy markets due to supply disruption risks, with Brent and WTI crude futures spiking on concerns over 20% of global oil shipments being rerouted or halted. Shipping insurance rates and tanker freight costs are surging, while Middle Eastern equity markets, particularly those with energy exposure, face downward pressure amid heightened regional risk. The situation remains fluid, and traders are awaiting confirmation from international maritime authorities and updates from major oil producers on potential output adjustments. The next key catalyst will be the U.S. Central Command (CENTCOM) or International Maritime Organization’s official statement on vessel movement status in the strait.

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