Overview
- Iran’s Revolutionary Guard said it will stop ships from crossing the Strait of Hormuz while it says a US blockade on Iranian ports remains in place.
- Shipping reports indicated the vital waterway was closed again after brief signs it had reopened for crude tankers.
- President Donald Trump threatened strikes on Iranian power plants and bridges if negotiators fail to reach a deal this week.
- The S&P 500 recently closed at a record after a stronger‑than‑expected start to US corporate earnings season.
- The Strait of Hormuz is a key route for global oil and gas, so renewed closures have choked shipments and fueled sharp price swings.