Iran shuts Strait of Hormuz
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A Thai-flagged cargo vessel was struck in the Strait of Hormuz on Wednesday shortly after departing from the United Arab Emirates, as regional tensions continue to disrupt one of the world’s most critical shipping lanes.
The ceasefire between the US, Israel and Iran has done little so far to getting shipping through the vital waterway. It’s going to take more than just words to fix.
The warning signals that reopening the Strait of Hormuz may not bring immediate relief to oil markets, shipping routes or global supply chains.
President Donald Trump said the U.S. military would remain around Iran until a real agreement is reached and fully complied with.
President Donald Trump ramped up pressure on Iran as Vice President JD Vance traveled to Pakistan for talks to end the war, with Israeli airstrikes in Lebanon and the Strait of Hormuz’s effective closure looming over diplomatic efforts.