Oil crisis looms as Iran announces closure of Hormuz Strait to all shipping

[iran]

Iran responded this morning to the illegal US-Israel attacks on its facilities and attempts to assassinate its leadership with missile and drone [attacks on Israel][1] and on [US bases][2] in the region. Tonight, it has [announced][3] the closure of the Strait of Hormuz, which runs along a large part of its coastline, to all shipping.

The territorial greed of the US and Israel – and the desire of Donald Trump for a distraction from [his Epstein crimes][4] – has put the world on the edge of a global financial meltdown, as well as of outright war.

During the ’12-day war’ of 2025, which saw Iranian retaliation pummel Israel and force back US naval vessels, Iran’s parliament [approved the closure of the Strait][5]. It didn’t [have to implement it fully][6] – Israel and the US quickly backed down.

Iran’s ability to close the Strait, through which a third of global gas and a quarter of global oil consumption passes, is [widely acknowledged][7]. A prolonged closure will mean economic catastrophe impacting billions. All for the sake of a war criminal’s ambitions and an old pervert’s desire to avoid humiliation until he dies.

*Featured image via the Canary*

By [Skwawkbox][8]

[1]: https://www.thecanary.co/skwawkbox/2026/02/28/israel-claims-unconvincingly/
[2]: https://www.thecanary.co/skwawkbox/2026/02/28/iran-hits-us-5th-fleet/
[3]: https://tasnimnews.ir/en/news/2026/02/28/3527976/hormuz-strait-closed-to-all-vessels
[4]: https://www.thecanary.co/global/world-analysis/2026/02/25/trump-mentions-missing/
[5]: https://skwawkbox.org/2025/06/22/iranian-parliament-votes-to-close-strait-of-hormuz-sea-passage-crucial-to-world-trade/
[6]: https://skwawkbox.org/2025/06/18/video-new-iranian-missile-fired-at-israel-as-iran-announces-restriction-of-vital-hormuz-oil-tanker-passage/
[7]: https://skwawkbox.org/2025/06/22/iranian-parliament-votes-to-close-strait-of-hormuz-sea-passage-crucial-to-world-trade/
[8]: https://www.thecanary.co/author/skwawkbox/


https://www.thecanary.co/skwawkbox/2026/02/28/iran-hormuz/