The Strait of Hormuz remains largely closed, oil prices remain above $100 per barrel, and normal commercial shipping has halted.

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.

The Iran War has caused the price of oil and natural gas to soar.

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