IRGC declares Strait of Hormuz closed after tankers hit - Middle East Eye

Summary

Iran's Islamic Revolutionary Guard Corps (IRGC) has reportedly declared the Strait of Hormuz closed following attacks on oil tankers. This represents a major military escalation that would effectively blockade maritime oil and LNG exports from Saudi Arabia, the UAE, Qatar, Kuwait, and Iraq, triggering a severe global energy crisis and a likely spike in prices.