Anonymous10 days ago
Iran's March 22 communication to the UN Security Council declared that "non-hostile" vessels may transit the Strait of Hormuz if they coordinate with Iranian authorities, while ships linked to the United States or Israel remain barred. The selective blockade—triggered by the US-Israeli military campaign against Iran that began February 28—threatens roughly 20% of global oil supply and has already driven WTI crude from $67 to over $93 per barrel, with war-risk insurance premiums surging by as much as 10,000%.