WS #12043
US reimposes naval blockade on Iran, declares itself 'Guardian of the Strait of Hormuz'; Iran parliament introduces bill to manage strait, requiring permits and fees; oil prices surge (Brent +4.29%, WTI +3.17%) on biggest one-day gain since 2020.
US-Iran Ceasefire Collapse / Strait of Hormuz Crisis
US reimposes naval blockade on Iran, declares itself 'Guardian of the Strait of Hormuz'; Iran parliament introduces bill to manage strait, requiring permits and fees; oil prices surge (Brent +4.29%, WTI +3.17%) on biggest one-day gain since 2020.