On Saturday morning, Iran’s military command declared the Strait of Hormuz closed to all shipping traffic, citing continued Israeli strikes in Lebanon that allegedly violate a new ceasefire.
This strategic waterway is the world’s most vital artery for oil trade, and its closure threatens to immediately collapse a fragile peace agreement signed between the U.S. and Iran earlier this week. While Tehran calls the move a necessary retaliation, U.S. Vice President JD Vance stated there is currently no physical evidence of a blockade and expects the truce to hold. Internal confusion remains high in Iran, as the Revolutionary Guard pushes for escalation while the Foreign Ministry continues preparing for diplomatic talks.
Both nations are still scheduled to arrive in Switzerland on Sunday for technical negotiations aimed at salvaging the broader deal.
.Here are the top political news stories for today.
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Iran closing the Strait of Hormuz caused a blockage of oil, about 20% of oil became inaccessible. This cause oil prices to skyrocket. It gives Iran the vantage point and leverage against the US. There's a lot of back and forth with Israel and Hezbollah and there's no telling who is and isn't in the right. My opinion on the news is I think it's all ridiculous. The Iran-US war was very avoidable and the Israeli-Lebanon ceasefire's would be simple if they would both stop violating them.
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