The Economic Times

Iran declares Hormuz closed after 'unauthorised' vessel hit, warns of 'severe response'

Iran closed the Strait of Hormuz after a vessel incident and warned of severe retaliation. The United States demands Iran cease attacks and ensure free passage through the waterway. Mediators are attempting to arrange talks between Iran and the United States regarding regional stability. Iran's new supreme leader vowed vengeance for his predecessor's death. Tensions remain high as oil prices surge amid ongoing regional hostilities.