Author: Global Macro News Desk

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Global Macro News Desk covers global economy, financial markets, central banks, geopolitics, energy, and macro risk. The desk focuses on clear, context-driven reporting and analysis for readers following the forces shaping global markets. [email protected]

Iran’s high-level joint military command announced that the Strait of Hormuz had been closed, alleging that the U.S. and Israel had violated the ceasefire agreement. According to a statement cited by the Iran-based Mehr News Agency, the Strait of Hormuz would be closed to shipping traffic. Iranian military officials described the decision as a “first step” and warned that additional measures could be taken if “aggression continues.” While the statement heightened concerns regarding the Strait of Hormuz—which is of critical importance to global energy markets—a different assessment came from the U.S. side. Speaking to Fox News, U.S. Vice President J.D.…

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