Iran Closes Strait of Hormuz After Retaliatory Missile Strikes on US Bases

Iran retaliated against recent US airstrikes by launching 12 ballistic missiles at a US airbase in Jordan and deploying drones against military installations in Kuwait and Bahrain. The attacks occurred overnight on Thursday, June 11, escalating the Middle East conflict. In response, Iran announced the closure of the Strait of Hormuz 'until further notice,' a critical chokepoint for global oil shipments. The US and allied forces are assessing damage and casualties, while regional tensions have surged to their highest point in decades. The closure threatens to disrupt approximately 20% of the world's oil supply, potentially triggering a global energy crisis. Diplomatic efforts are underway, but no immediate de-escalation is expected.

Global Impact

Economic: The closure of the Strait of Hormuz will spike oil prices globally, raising inflation and slowing growth in import-dependent economies (Europe, Japan, India). Political: The US and Iran are on a direct collision course, risking a broader regional war involving Gulf states and Israel.