Tehran’s retaliatory closure of the Strait of Hormuz threatens to fuel global inflation pressures and geopolitical risks, following the joint US and Israeli attacks on Iran. Ebrahim Jabbari, a senior adviser to Iran’s Revolutionary Guard Corps (IRGC) commander-in-chief, on Monday announced the strait’s closure to traffic amid the ongoing attacks on the country, saying any … Continue reading Strait of Hormuz closure fuels global inflation risks as energy prices surge