Tankers U-Turn in Persian Gulf as Iran Closes Hormuz Again
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- Iran's Islamic Revolutionary Guard Corps (IRGC) announced the strait's control reverted to its prior state, closing it after a brief Friday opening.
- President Donald Trump had asserted the strait was open, a claim now contradicted by the IRGC.
- OilPrice.com reports the closure signals a full shutdown as Iran escalates its standoff, warning of halted tanker traffic.
- Tankers in the Persian Gulf are making U‑turns to avoid the now‑closed strait.
Why it matters: Global oil traders must reroute shipments as the strait closes.
