🚨 Iran Temporarily Closes Part of the Strait of Hormuz
🛢️OIL prices are 🟢🚀
#Iran shut sections of the Strait of Hormuz for several hours during naval drills involving advanced armed drones.
• 20% of global oil flows through Hormuz
• Key route for Saudi, Iraqi, UAE, Kuwaiti crude
• Critical corridor for Qatar LNG
Even short disruptions remind the market how fragile physical flows are.
So far this is a drill, not a supply shock.
But in a market already sensitive to geopolitics, chokepoint risk always carries a premium.
Watch freight rates, time spreads, and any insurance repricing.
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