Strait of Hormuz Closed Following U.S.-Iran Clash

The Strait of Hormuz remains effectively closed to commercial shipping after a clash between the United States and Iran near the waterway. Bloomberg posted on X, detailing the overnight confrontation where both nations attacked each other's assets in the area. The incident has heightened tensions in the region, impacting global oil markets and shipping routes. The Strait of Hormuz is a critical passage for oil transportation, and its closure could have significant implications for international trade and energy supplies. Authorities are closely monitoring the situation as efforts to reopen the waterway continue.