The renewed confrontation between America and Iran threatens the stability of the Gulf and global energy markets

An Iranian authority responsible for managing the Strait of Hormuz announced, on Thursday, the closure of the strategic sea lane to shipping traffic until further notice, in a move that came after a new round of American strikes against targets inside Iran, which heralds a further escalation in the confrontation between the two countries and raises growing concerns about the security of navigation and global energy supplies, while the authority said in a statement that the decision [...] The post The renewed confrontation between America and Iran threatens the stability of the Gulf and global energy markets appeared first on Hespress - Hespress, a Moroccan electronic newspaper.