Iran naval source says only two tankers were able to cross the Hormuz before Israel violated the agreement; have closed the Hormuz and only Iranian ships coming from Iran can pass through it, via Al Mayadeen

The situation in the Strait of Hormuz is escalating, with Iran reportedly blocking passage for tankers following an alleged agreement violation by Israel. This development could disrupt global oil supply routes, likely impacting crude prices and related currencies like the JPY and GBP, as investors seek safe-haven assets amidst heightened geopolitical tensions.