Iran Closes Strait of Hormuz

23-Jun-2025 09:12 AM

Iran Closes Strait of Hormuz
★ Amid the ongoing conflict between Israel and Iran, Iran has announced the closure of the Strait of Hormuz.
★ This crucial sea route connects multiple continents, and its closure is expected to significantly impact global trade, especially crude oil and palm oil shipments.
★ The import and export of pulses from India, Russia, and Canada; sunflower oil from Russia and Ukraine; and rice and spices from India may also be affected.
★ A similar disruption occurred earlier when a ship got stuck in the Suez Canal, impacting several shipments worldwide.
★ The situation between the two countries continues to escalate and remains highly tense.