Breaking: Iran Shuts Down Strait of Hormuz – 20% of Global Oil Frozen! 🚨
In a dramatic escalation, Iran has officially closed the Strait of Hormuz, one of the world's most critical oil chokepoints. This strategic waterway handles nearly 20% of the global oil supply — now effectively halted.
🛢️ What It Means:
Over 18 million barrels of oil per day flow through the strait.
Closure sends shockwaves through global markets, triggering immediate spikes in crude oil prices.
Energy security for countries like China, India, Japan, and Europe now hangs in the balance.
⚠️ Global Impact:
Oil prices jump 8–15% within hours.
Major stock indices tumble amid fears of supply chain disruptions.
NATO and U.S. forces on high alert in the Gulf region.
⛽ This could be the biggest energy crisis of the decade.
Is the world on the brink of a wider conflict?