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Trump escalates Iran threats as Strait of Hormuz closes, oil markets react
26 sources·Updated 1d ago

Trump escalates Iran threats as Strait of Hormuz closes, oil markets react

Donald TrumpIranUnited StatesStrait of HormuzKharg IslandOPECIndiaWorld Cup
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President Donald Trump announced new attacks on Iran on June 11, 2026, vowing to strike 'very hard' and eventually seize Kharg Island, Iran's main oil export hub Source: El Tiempo, Portafolio. In response, Iran declared the Strait of Hormuz completely closed, halting most maritime traffic through the strategic waterway Source: El Nacional. The escalation comes amid stalled negotiations and has already impacted global oil markets, with Brent crude rising to $93.18 per barrel Source: La Republica. Meanwhile, OPEC reported a 34% drop in production compared to February, with Iran alone losing 546,000 barrels per day in May Source: Portafolio. On the diplomatic front, India lodged a strong protest after three Indian sailors were killed when the US attacked a tanker near Oman Source: La Voz. The conflict also casts a shadow over the 2026 World Cup, where Iran's team, based in Tijuana due to visa restrictions, faces logistical challenges and potential withdrawal Source: Clarín, La Vanguardia. Tehran stated the US attacks 'have left the ceasefire practically void' and warned Gulf states against aiding Washington Source: El Día, El Nacional.