Brief by Shorts91 Newsdesk / 02:34am on 11 Jun 2026,Thursday International
Iran has announced the complete closure of the strategically vital Strait of Hormuz following fresh US military strikes on Iranian targets, dramatically escalating tensions in the Middle East. Tehran warned that any vessel attempting to pass through the waterway could be targeted. The Strait of Hormuz handles roughly one-fifth of global oil and gas shipments, making its closure a major threat to international energy supplies. Oil prices immediately surged by more than 2%, with analysts warning that prolonged disruption could push crude prices toward $100 per barrel. Governments, shipping companies, and global markets are closely monitoring the rapidly worsening crisis. (PC: X)
