Iran closed the Strait of Hormuz again. The military announced this on Saturday. Ships cannot travel there now. The blockage is a response to Israel's attacks in south Lebanon. Iran says: Israel breaks a deal with the USA.
The Strait of Hormuz is very important for the world. Many ships carry oil and gas through there. Without these ships, there is less fuel in the world. Prices for gasoline and heating oil rise in Germany. The government lowered taxes on diesel for this reason.
Many oil plants and gas plants are broken after war. Experts say: Repairs take a very long time. Qatar has a very big gas plant. Repairs there probably take 3 to 5 years. Swiss companies help with the repairs. But rockets hit many plants hard.
The USA and Iran planned to talk in Switzerland. They wanted to talk about peace. They also wanted to talk about atomic weapons. Now it is unclear if these talks happen. The world economy is very worried about the new blockage.
