Hegseth said the U.S. naval blockage in Iran is "impenetrable" and 125 million barrels of oil have now exited the Gulf, "showing that we control the strait."

Despite Iran’s announcement of a blockade of the Strait of Hormuz, the United States says the strategic waterway remains open to shipping. As military tensions persist, Washington…

The possibility of disruption in Hormuz can move oil prices, increase shipping costs, raise insurance premiums, and influence political decision-making.