Tensions escalate between US and Iran over Strait of Hormuz access

The Islamic Revolutionary Guard Corps (IRGC) announced the closure of the Strait of Hormuz, linking the measure to ongoing US military strikes against Iran. President Donald Trump has countered by imposing a blockade on Iranian ports and expressing an intent to control the Strait, proposing a 20% toll on transiting vessels. While Iran declares the Strait a vital national security interest, the US claims this action violates freedom of navigation. Diplomatic tensions spiked after the collapse of a prior memorandum of understanding between the two nations. Shipping data from Kpler indicates reduced traffic, with only 14 vessels passing on Sunday, suggesting the passage is not fully shuttered despite Iranian claims. The Iranian parliament has reportedly submitted a bill regarding the strategic management of the area. Additionally, concerns are rising over potential threats to the Bab el-Mandeb Strait, as reports suggest Iran could involve Houthi forces to broaden the conflict.