Hours after the IRGC struck the container ship GFS Galaxy (22:40 UTC on 11 July; engine-room fire, crew abandoned ship, one crew member missing and later confirmed dead), Iran declared the Strait of Hormuz closed until further notice, its first formal closure declaration of the conflict. US wire datelines (Bloomberg, Axios) read 11 July (US evening); in UTC the declaration came around or shortly after midnight into 12 July. Either way it landed on a weekend, after markets had closed for the week.
Computed, not asserted — every number here is derived from public data: official EIA Brent closes via FRED, IMF PortWatch transit counts, Polymarket and Kalshi odds, and source-linked curated events. Method and caveats · Atom feed · llms.txt