After the US airstrikes, the declaration to suspend passage through the Strait of Hormuz rattles markets
Immediately after the US strikes on Iran, the Iranian Revolutionary Guard announced that it would block the Strait of Hormuz until further notice, and as a result 7shipping through the route has slowed since the beginning of the month. The US government called for ensuring free passage through the strait, and the dollar slipped slightly amid labor market stability.
The United States carried out airstrikes on Iran, and the Iranian Revolutionary Guard Corps (IRGC) 7announced that it would close the Strait of Hormuz "until further notice" on 11and immediately affected crude oil and vessel traffic. The Iranian side said it had carried out attacks targeting countries in the Gulf region.
The U.S. side has demanded that Iran stop attacks in the strait, saying it will secure free passage through it. The two sides are also holding additional talks centered on the strait issue.
Traffic through the strait was already reported to have slowed from the beginning of the month. Route adjustments by merchant ships and oil tankers were observed, and some vessels considered detours.7.
Market reaction is also being confirmed. While the labor market is generally assessed as stable, the dollar weakened slightly amid escalating geopolitical tensions.
U.S. government officials said Iran is demanding a specific commitment to halt attacks in the Strait of Hormuz. Meanwhile, Iran has signaled a blockade of the strait, leaving uncertainty over future maritime traffic flows.
International shipping and energy companies are closely monitoring route changes and safety issues. Relevant authorities continue to update information on route safety and vessel operations.
Sources: Reuters
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