Iran closes Strait of Hormuz over Israeli barrage in Lebanon
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Iran closed the Strait of Hormuz in response to Israeli military attacks in Lebanon, according to state media.
How This Affects You
The closure of this critical chokepoint, through which 20% of the world's oil passes, could disrupt global oil supply and increase energy prices for consumers.
AI Summary
Iran closed the Strait of Hormuz on Wednesday in response to Israeli military attacks in Lebanon against Iran-backed Hezbollah, according to Iranian state media. This action affects a critical chokepoint through which approximately 20 percent of the world's oil supply passes daily. The closure occurred after two tankers, the Greek-owned NJ Earth and the Liberia-flagged Daytona, were able to transit the strait. The move escalates regional tensions following Israeli military actions targeting Hezbollah.
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Strait of Hormuz closed over Israeli attacks on Lebanon, Iranian state media says
Tankers passing through Strait of Hormuz will have to pay cryptocurrency toll
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