Iran threatens to close the Strait of Hormuz, risking oil market stability after recent conflicts in the Middle East.

Iran announced it will close the Strait of Hormuz due to US ceasefire failures. Traffic normalization by June 30 at 10.5% YES.

Iran has declared the Strait of Hormuz closed, citing alleged violations of a recent Middle East war ceasefire by the US and Israel. This move, described as a "first step" by…