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Iran Closes Strait of Hormuz, Threatening Global Oil Supply

4/20/2026

24 5 Full Breakdown

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Story summary
  • Iran has reclosed the Strait of Hormuz after Iranian gunboats fired upon two Indian-flagged vessels.
  • India summoned Iran's ambassador to express deep concern over the incident.
  • The Iranian Revolutionary Guard announced the strait would remain closed until the U.S. lifted its blockade of Iranian ports.
  • President Donald Trump reaffirmed the blockade would continue, citing ongoing negotiations and threatening military action if Iran did not comply.
  • This situation threatens global oil supplies, as the strait is vital for about 20% of the world's oil.
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