Iran Threatens Another Closure of Strait of Hormuz, Undermining Recent Shipping Gains

The U.S. military reported that 55 vessels transited the Strait of Hormuz on Saturday. Iran’s armed forces subsequently announced the waterway would be closed again. The announcement follows a recent increase in ship movements through the strait. The closure threatens to reverse the modest rise in maritime traffic observed earlier. The strait is a critical chokepoint for global oil and trade routes. A shutdown could disrupt the flow of petroleum products and other cargoes. Regional shipping companies are monitoring the situation for possible rerouting. Observers warn that renewed closures may heighten market volatility and delay deliveries.