🇺🇸🇮🇷 NOW: Oil prices hit a six-week high after the US struck Iran for a 12th straight night, with Iran's Revolutionary Guards claiming the Strait of Hormuz is "completely closed."

What happened

Oil prices rose to a six‑week high after the United States struck Iran for a 12th straight night, and Iran’s Revolutionary Guards said the Strait of Hormuz was "completely closed".

Confirmed

Global impact / market context

Higher oil prices raise costs for consumers and businesses, increase revenue for oil producers, and can add inflation pressure, influencing central‑bank policy and investor sentiment.

Analyst inference

The ongoing US‑Iran tension adds geopolitical risk to global energy markets, where any threat to oil flow through the Strait of Hormuz often pushes prices upward.

Analyst inference

What to watch

1. Whether the US continues nightly strikes on Iran, which could further tighten expectations of oil supply disruptions and keep prices elevated. Proposed
2. If Iran’s claim that the Strait of Hormuz is fully closed proves true, limiting tanker traffic and tightening global oil availability. Proposed
3. Any official statements from Iran or the United States about reopening the Strait, which would directly affect oil flow and price stability. Proposed

Affected assets

• NOW — ChangeNOW

Evidence

• x.com