Iran has abruptly halted negotiations with the United States and threatened to completely close the Strait of Hormuz, a vital global oil shipping route, according to CNBC. Iranian state-affiliated media said Tehran will stop all communication via intermediaries, citing alleged ceasefire violations and escalating regional conflict.
The report also claims Iran and its allies plan to fully block the strait and activate other pressure points, including the Bab al-Mandeb route. Oil markets reacted instantly, with prices jumping more than 5% amid fears of supply disruption. The move marks a sharp escalation in tensions and raises fresh concerns over global energy security, especially as diplomatic efforts continue to stall in the ongoing Middle East crisis.
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