Woofun AI reports that Iran has declared the Strait of Hormuz remains closed, attributing the action to a US military violation of the memorandum of understanding. Tehran asserts this measure upholds its sovereignty over the waterway in accordance with the Islamic Republic's agreement.

Global crude markets reacted sharply to the geopolitical development. Both WTI and Brent crude prices recorded gains exceeding 3.3%, reflecting immediate supply-side concerns stemming from the strait's restricted status.