U.S. Navy Initiates Blockade of Strait of Hormuz, Impacting Global Oil Markets
The United States has commenced a blockade of the Strait of Hormuz, a critical oil passage, as part of its strategy to pressure Iran into reopening the route. This action was announced by President Trump via his social media platform, Truth Social, stating that the U.S. Navy would block any ships attempting to enter or exit the strait. The blockade follows unsuccessful negotiations between Washington and Tehran over the weekend, aimed at resolving ongoing Middle East conflicts. The move has led to a surge in crude oil prices, exceeding $100 a barrel, and has negatively impacted European stock markets, particularly travel and leisure sectors, due to concerns over jet fuel supply. 
