Iran closes Strait of Hormuz after attacks

Iran’s Islamic Revolutionary Guard Corps (IRGC) has announced that it has closed the Strait of Hormuz, according to news agencies.

The Strait of Hormuz is very important for global oil trade. About one-fifth of the world’s crude oil passes through this narrow waterway, reported British media.

The strait is only 40 kilometers wide, making it a key and sensitive route for shipping, added British media.

Closing it could have major effects on international oil markets and shipping.