Iranian Presidency says Pezeshkian confirmed in a call with the President of the European Council that the Strait of Hormuz is closed to ships of the aggressor countries and their supporters, according to Al Jazeera

This development signals a notable escalation in tensions surrounding the Strait of Hormuz, a critical chokepoint for global oil shipping.

Newsquawk StaffPublished 31 Mar 2026, 18:03 UTCOn the live feed at 17:43 UTC — 4 more headlines followed before this page went public

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17:48

White House official says President Trump is confident that an agreement will be reached soon, Al Jazeera reports; Trump was clear about the consequences of failing to reach an agreement

17:45

Iran's Foreign Minister Aragchi to Al Jazeera says what is happening now is not negotiations but an exchange of messages directly or through our friends in the region

17:43

Iranian Presidency says Pezeshkian confirmed in a call with the President of the European Council that the Strait of Hormuz is closed to ships of the aggressor countries and their supporters, according to Al Jazeera

17:37

Iran's Foreign Minister says what is happening now is not negotiations but an exchange of messages directly or through our friends in the region, Al Jazeera reports

17:29

Anthropic's coding agent source code exposed in leak, according to The Information

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Context

The closure mentioned could impact oil prices significantly and leads to heightened geopolitical risk, especially for currencies and commodities linked to oil. Traders should watch for market reactions in energy sectors and safe-haven assets as this situation unfolds.

All markets · last 90 days

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