Iran Says Strait of Hormuz Transit Not Possible Due to US Military Movements

Iran's Persian Gulf Strait Authority issued a statement today saying that passage through the Strait of Hormuz is "not possible" due to alleged "recent illegal movements of US Military forces in the region." The Strait of Hormuz is a critical chokepoint for global oil shipments, with about 20% of the world's oil passing through it daily.

This development comes less than nine hours before the opening of US stock market futures, heightening uncertainty in financial markets. Traders will be watching closely for any impact on crude oil prices and broader risk sentiment.

The statement did not specify the exact nature of the US military movements or how long the transit restriction might remain in place. No immediate response from US officials has been reported.