Oil markets on edge as Iran moves to restrict vital Strait of Hormuz shipping lane, report says

Iran has reportedly moved to restrict navigation along the world’s most critical oil export route after major U.S. and Israeli strikes, stoking fears of a significant disruption to global energy markets.

A European Union naval mission official told Reuters that vessels in the region are receiving marine radio warnings from Iran’s Revolutionary Guard instructing ships not to pass through the Strait of Hormuz.

Iran has not formally confirmed the order.