What happened
Iranian forces declare the strait closed and cross-strait traffic largely halts. Around 20 million barrels a day of crude and petroleum products moved through it in the 2025 baseline, together with close to a fifth of world LNG exports.
The declaration changed the legal and political contest over the strait. What actually stopped commercial traffic over the following week was the withdrawal of war-risk cover, which is why this module keeps legal, physical and commercial access as three separate questions.
Confidence: High
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