Politis

Iran Closes Strait of Hormuz – Economic Alarm and Measures from Cyprus

Published February 28, 2026, 17:12
Iran Closes Strait of Hormuz – Economic Alarm and Measures from Cyprus

Iran announced the closure of the Strait of Hormuz to all ships, causing concern in energy markets and international shipping. The Strait of Hormuz is a critical route for global oil trade, with approximately 20% of the world's production passing through it. A prolonged disruption to navigation could send oil prices soaring. Cyprus has issued a recommendation for increased vigilance to shipowners and managers under the Cypriot flag, urging them to avoid areas of instability and implement security measures. At the same time, the European naval operation EUNAVFOR Aspides announced that the Houthis are threatening new attacks in the Red Sea.