Iran Re-closes Strait of Hormuz Amid Faltering Peace Negotiations

Tehran announced the re-closure of the Strait of Hormuz on Saturday, despite reports that a preliminary peace deal to end the US-Israel-Iran war had been reached earlier in the week. The move comes as an Iranian negotiating team departs for Switzerland to discuss the release of $6 billion in frozen funds. The closure of the world's most critical maritime chokepoint has caused immediate volatility in global energy markets and renewed military tensions in the Persian Gulf.

Date:

Country: Iran

Conflict: US-Iran Conflict

Severity: CRITICAL

Source: Live Mint

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