Iran's Hormuz Blockade Sparks Global Oil Alarm
A big escalation in the Iran-Israel conflict has unfolded as Iran shuts the Strait of Hormuz, a channel carrying 30% of global crude shipments. Vessel movement near the Strait of Balochistan has also been halted, tightening supply routes. The disruption threatens to trigger a sharp surge in oil prices, with top nations will feel the heaviest economic strain.