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macroJun 22, 2026, 5:43 AM

Iran Threatens Strait of Hormuz Closure; US Futures Drop 1%

Iran's military announced it will re-close the Strait of Hormuz, citing US failure to stop fighting in Lebanon. Markets opened nervous with US equity futures down 1%.

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Iran’s military said on Saturday it would re-close the Strait of Hormuz, accusing the US of not halting the conflict in Lebanon as required. The threat revived supply concerns for global oil shipments through the critical chokepoint.

US equity futures dropped 1% at the Sunday open, reflecting heightened geopolitical risk. The move comes amid broader nervousness, with a challenge to the UK Prime Minister also expected this week.

Traders are watching for further diplomatic developments and potential impacts on energy markets.

Source: FXStreet Forex News