Iran is playing a dangerous game. The Strait of Hormuz, a narrow passage through which over 20% of the world’s oil supply flows daily, is now at risk of closure. Tehran’s armed forces have declared that no ship will be allowed to cross until further notice, sending shockwaves through global markets.
🚨🇮🇷 BREAKING: Iran’s armed forces have declared that no ship is allowed to cross the Strait of Hormuz until further notice one of the most critical maritime chokepoints on Earth.
🌍 This move poses a serious threat to global oil and gas supply chains, as over 20% of the world’s… pic.twitter.com/WZBQHvfcU8
— Breaking News (@PlanetReportHQ) June 13, 2025
The numbers are staggering. Nearly 20 million barrels of oil pass through the strait every day, making it one of the most critical maritime chokepoints on Earth. Any disruption would cripple global supply chains, spike energy prices, and trigger inflationary pressure worldwide.
The geopolitical stakes are enormous. Iran has threatened to close the strait before, but this time, the situation is different. The conflict with Israel has escalated, and Tehran is looking for leverage. Blocking the strait would not only hurt Western economies but also impact China, Iran’s largest oil customer.
Shipping companies are scrambling. Freight operators are rerouting vessels, avoiding the Persian Gulf and Red Sea. The British maritime security firm Ambrey has advised ships to seek drifting locations near friendly waters, anticipating further escalation.
The world is watching. Iran’s next move could determine the future of global energy markets. If the strait remains closed, the consequences will be felt in every corner of the economy.
Sources:
https://www.aljazeera.com/economy/2025/6/13/oil-markets-are-spooked-as-iran-israel-tensions-escalate
https://www.cnbc.com/2025/06/13/israel-iran-conflict-why-tehran-wont-block-the-hormuz-strait.html