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Iran Closes Strait of Hormuz Amid Rising Tensions

2/20/2026

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Iran Blocks Strait

Iran closed the Strait of Hormuz during a military drill, the first restriction after U.S. President Donald Trump warned of action.
The Strait is a key global oil route, carrying about 13 million barrels daily.
Iran has threatened to block the strait in response to U.S. actions, risking higher prices.
The oil market reacted mildly as the United States increased regional military presence and advised vessels to avoid Iranian waters.

Left

Iran Advances Nuclear Talks

Iran and the United States reached guiding principles for nuclear talks, according to Iranian Foreign Minister Abbas Araqchi.
Oil futures fell after the news.
Discussions mediated by Oman included U.S. officials and urged Iran to present detailed proposals soon.
Iran temporarily closed parts of the Strait of Hormuz for military drills, potentially impacting global oil supplies.
Supreme Leader Khamenei warned against U.S. intervention and stated Iran's missile capabilities are non-negotiable.

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Iran Blocks Strait

Iran closed the Strait of Hormuz during a military drill, the first restriction after U.S. President Donald Trump warned of action.
The Strait is a key global oil route, carrying about 13 million barrels daily.
Iran has threatened to block the strait in response to U.S. actions, risking higher prices.
The oil market reacted mildly as the United States increased regional military presence and advised vessels to avoid Iranian waters.

1 / 2