Iran has declared a blockade on the critical Strait of Hormuz, a vital waterway for oil tankers. The move raises concerns about potential disruptions to global oil supplies due to heightened tensions in the region.

The decision to block the strait, through which a significant portion of the world's oil trade passes, comes amidst escalating geopolitical tensions. This action by Iran has sparked fears of a possible impact on oil prices and international energy markets as countries closely monitor the situation for further developments.