Iran's military command announced the closure of the Strait of Hormuz once again, attributing the decision to the ongoing US naval blockade. This declaration follows a brief reopening for commercial vessels, emphasizing the strait's significance as a vital shipping channel for global energy supplies. Approximately 20% of the world's oil and liquefied natural gas passes through this narrow waterway, which connects the Gulf to the Gulf of Oman. Since the onset of the US-Israeli military actions against Iran on February 28, traffic through the strait has plummeted by 97%, according to reports from the United Nations. The US government has stated that any peace agreement with Iran must ensure the free movement of oil through the strait. In response to escalating tensions, Iran has threatened to impose shipping fees, a move that has not been seen in recent history. The situation remains critical as the strait continues to be a focal point of geopolitical conflict.