The Persian Gulf Strait Authority halted all passage through the Strait of Hormuz after US strikes on Iran, threatening global oil flows and shipping.
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The United States expanded its missile strikes on Iran early Monday, hitting a wider range of targets across southern and western Iran than in previous attacks, Iran state media reported. The strikes came hours after the Persian Gulf Strait Authority (PGSA) announced that passage through the Strait of Hormuz is no longer possible, citing “illegal activities” by U.S. military forces in the region.
The PGSA posted on X that all transit requests are suspended until “stability and calm are restored.” The Strait of Hormuz is a critical chokepoint for global oil shipments, with roughly 20 million barrels of crude and petroleum products passing through daily.
US Central Command said the strikes began at 5 p.m. ET Sunday and were ordered by the Commander in Chief to “continue degrading their ability to attack civilian mariners and commercial ships freely transiting the Strait of Hormuz.” The weekend attacks were the fourth round of U.S. strikes in a week, following Iranian attacks on a Cyprus-flagged container ship.
Iran’s Islamic Revolutionary Guard Corps retaliated with drone and missile assaults on American allies across the Middle East, including Kuwait, Jordan and Qatar. Bloomberg reported only minor damage and no injuries. Iran’s Foreign Ministry condemned the U.S. attacks as “the gravest war crimes” and accused Washington of violating international law, including the ceasefire agreement that ended the previous war just 25 days ago.
Targeted locations in the latest wave include Qeshm, Sirik, Bandar Abbas, Jask, Bushehr, Khondab, Bandar Mahshahr, Behbahan, Andimeshk, Dezful, Ahvaz, Abadan and Khorramshahr. Two strikes hit near Ahvaz, a city central to Iran’s petroleum industry, according to Khuzestan’s deputy governor for security and law enforcement affairs, Valiollah Hayati. Authorities are still assessing damage.
The closure of the Strait of Hormuz directly threatens oil tanker traffic and raises the risk of supply disruptions for crude and liquefied natural gas. Shipping companies face higher war-risk insurance premiums, and alternative routes – such as the Bab el-Mandeb or the longer Cape of Good Hope – add days to transit times and increase costs.
Energy stocks with exposure to Middle East production or refining could see volatility. Oil futures are likely to react sharply when markets open, though the magnitude depends on how long the strait remains closed. A quick de-escalation – such as a renewed ceasefire or diplomatic intervention – would reduce the risk. Further strikes or a blockade enforcement by Iran would worsen the disruption.
The PGSA said it will review requests and issue permits once stability returns. No timeline was given.
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