The Islamic Revolutionary Guard Corps has announced the re-closure of the Strait of Hormuz to all maritime traffic, citing Israeli ceasefire violations in Lebanon.
The move comes just days after a US-Iran Memorandum of Understanding aimed to reopen the waterway, which handles approximately 20% of the world’s oil supply.
The IRGC’s action threatens to escalate tensions and disrupt global oil markets, creating new uncertainty about the fragile agreement.
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