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U.S. Strikes Iran, Strait of Hormuz Closed Amid Escalating Conflict · GNN Daily Breaking News

• 0:00
  Speaker 1: The United States has launched military strikes against Iranian targets,
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  Speaker 1: prompting Tehran to announce the closure of the Strait of
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  Speaker 1: hormas one of the world's most critical maritime choke points
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  Speaker 1: for global oil shipments. Pentagon officials confirmed the strike's late Saturday,
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  Speaker 1: describing them as retaliation for recent Iranian attacks on US
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  Speaker 1: forces in the region. Iran's declaration that the strait is
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  Speaker 1: closed immediately sent shockwaves through global energy markets. Roughly one
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  Speaker 1: fifth of the world's oil supply passes through the narrow waterway,
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  Speaker 1: and its closure threatens to disrupt shipping lanes, spike fuel prices,
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  Speaker 1: and destabilize international trade. Early reports indicate that commercial tankers
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  Speaker 1: have already begun rerouting, while insurers are raising premiums for
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  Speaker 1: vessels operating near the Gulf. The White House insists the
• 0:51
  Speaker 1: strikes were defensive, aimed at neutralizing missile batteries and drone
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  Speaker 1: facilities used in recent assaults. Iranian state media, however, condemned
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  Speaker 1: the attacks as aggression and vowed retaliation. Analysts warned that
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  Speaker 1: the closure of the strait could escalate into a broader confrontation,
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  Speaker 1: drawing in regional powers and potentially NATO. Allies. Global reaction
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  Speaker 1: has been swift. European leaders urged restraint, calling for immediate
• 1:19
  Speaker 1: diplomatic engagement to prevent further escalation. Gulf states expressed alarm,
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  Speaker 1: with some quietly supporting US actions while fearing the economic
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  Speaker 1: fallout of disrupted oil exports. China and Russia criticized Washington,
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  Speaker 1: accusing the US of destabilizing the region. For Americans, the
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  Speaker 1: most immediate impact is economic. Oil prices surged overnight, raising
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  Speaker 1: fears of higher gasoline costs and renewed inflationary pressure. Energy
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  Speaker 1: analysts say prolonged closure of the strait could trigger one
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  Speaker 1: of the most severe supply shocks in decades. The Pentagon
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  Speaker 1: has placed forces in the region on high alert, while
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  Speaker 1: the State Department is press allies to coordinate a response
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  Speaker 1: as tensions mount. The closure of the Strait of Hormas
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  Speaker 1: underscores the fragility of global energy security and the risks
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  Speaker 1: of military confrontation in one of the world's most volatile regions.