Iran Condemns U.S. Hormuz Blockade as 'Piracy', Raising Global Oil Supply Concerns
Iran's armed forces have condemned U.S. restrictions on shipping in the Strait of Hormuz, labeling them as illegal and akin to piracy. This follows President Trump's announcement of a blockade targeting vessels traveling to or from Iranian ports. The blockade, set to begin at 10 a.m. ET, comes after failed talks between Washington and Tehran. U.S. Central Command clarified that the blockade would not affect general shipping through the strait. The move could significantly impact global oil markets, as Iran exports substantial volumes of oil through this route. Analysts warn that blocking these shipments could tighten global supply, although large volumes of Iranian oil stored at sea may cushion immediate disruptions. 
