22 Nations Condemn Iran's Hormuz Closure, Oil Prices Surge

Over 20 countries condemned Iran's closure of the Strait of Hormuz in a joint statement, with 22 nations including European states, UAE, and Bahrain pledging to ensure safe passage. The condemnation follows attacks on commercial vessels and oil installations, causing Brent crude to spike to $112 per barrel (up 50% this month). Middle Eastern oil prices doubled, with Murban grade reaching record highs. The US authorized selling Iranian oil to mitigate price increases, while Trump criticized NATO allies for not joining the conflict effort.

SOURCE: https://www.channelstv.com/2026/03/21/over-20-countries-condemn-irans-closure-of-hormuz-strait/