Iran Shuts Down Critical Oil Shipping Route After Clash With US

Iran says it is closing the Strait of Hormuz, a crucial shipping channel, after the worst US-Iran military exchange yet. The US hit over 140 Iranian targets; Iran fired back missiles and drones at four neighboring countries. The strait carries one-fifth of the world's oil. Ships are already slowing down. The US military disputes Iran's control. Whether this closure actually happens will reshape global energy prices and how fast the crisis spreads.