Source: International Business Times
Countless oil tankers pass through the Strait of Hormuz daily. The effective closure of the Strait of Hormuz has sent shockwaves through global markets, with energy analysts warning that a prolonged blockade will trigger a 'guaranteed global recession. 'Following the coordinated US-Israeli military strikes on 27 February 2026, which targeted Iran's leadership and nuclear infrastructure, Tehran responded by declaring the waterway closed.
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