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Iran Closes Strait of Hormuz Amid Supply Chain Disruption Fears

March 1, 2026اقتصاد | الإذاعة الجزائريةradioalgerie.dzTranslated from Arabic
Iran Closes Strait of Hormuz Amid Supply Chain Disruption Fears

The Iranian news agency Mehr reported that Iran has closed the Strait of Hormuz, which will paralyze navigation through it, especially for oil and gas tankers, as more than 20 million barrels of oil pass through it daily along with large quantities of liquefied natural gas. In addition to disrupting supply chains, over 11% of global trade passes through it.

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