Strait

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The vital strait of Hormuz has been effectively closed to shipping since the start of the conflict in Iran...

After nearly two months of conflict between the US, Israel, and Iran, Iran finally declared the Strait of Hormuz “completely open” for all commercial vessels on April 17, 2026, sending a wave of relief across global markets.  Bitcoin responded almost instantly, jumping from around $75,000 to $78,000, a surge of nearly 5.2%, as investors rushed

Key Takeaways Military strikes by the U.S. and Israel resulted in the death of Iran’s Supreme Leader Khamenei, sparking concerns about major disruptions to global oil transit routes. The Islamic Revolutionary Guard Corps issued warnings against vessel traffic through the Strait of Hormuz, a critical passage handling 20–26% of worldwide crude shipments and substantial LNG

Home World News Iran to shut the Strait of Hormuz: Why it matters? Iran’s move to consider closing the Strait of Hormuz—a vital artery for global oil trade—has triggered alarm across energy and shipping markets, as analysts warn of price spikes and strategic instability. With one-fifth of the world’s oil flowing through the strait, even