Iran shut the Strait of Hormuz again after the US-Iran deal fell apart, stopping oil flow for the world.

A near-total shutoff of oil and gas out of the Middle East has occurred due to the Iran War.

The White House demanded Iran reopen the Strait of Hormuz.

The blocking of the Strait of Hormuz will cause an enormous increase in the price of energy, oil, and gas, with knock-on impacts on food and fertilizer prices.

Iran has been threatening to cut off the supply of oil through the Strait of Hormuz region.

Iran closed the Strait of Hormuz hours after President Trump announced a two-week ceasefire.