Iran restricts Strait of Hormuz passage amid 2026 crisis

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Iran has decided to restrict passage through the strategic Strait of Hormuz, a vital maritime route for global oil and gas transportation. This measure targets countries and individuals considered responsible for damages caused to Iran. It comes within the context of the 2026 Strait of Hormuz crisis, marked by military tensions involving the United States and Israel. The United States opposes these restrictions, arguing that maritime traffic should not be subject to fees imposed by Iran. Prediction markets indicate a low probability that the United States will impose its own passage fees, while also reflecting uncertainty about a possible agreement between the two countries.

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