{"id":62978,"date":"2026-06-11T00:08:21","date_gmt":"2026-06-11T04:08:21","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-energy-crisis-deepens-as-iran-shuts-strait-of-hormuz-us-embassy-in-jordan-issues-shelter-warning\/62978\/"},"modified":"2026-06-11T00:08:21","modified_gmt":"2026-06-11T04:08:21","slug":"global-energy-crisis-deepens-as-iran-shuts-strait-of-hormuz-us-embassy-in-jordan-issues-shelter-warning","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-energy-crisis-deepens-as-iran-shuts-strait-of-hormuz-us-embassy-in-jordan-issues-shelter-warning\/62978\/","title":{"rendered":"Global Energy Crisis Deepens as Iran Shuts Strait of Hormuz; US Embassy in Jordan Issues Shelter Warning"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Iran has officially declared the Strait of Hormuz closed<\/strong> to all commercial and energy traffic, threatening roughly <strong>20% of the world&#39;s global oil and LNG supply<\/strong>.<\/li>\n<li><strong>Brent crude futures surged 2.47% to $95.40 a barrel<\/strong>, while U.S. <a href=\"https:\/\/stockmarketwatch.com\/energy\/crude-oil\" data-internallinksmanager029f6b8e52c=\"12\" title=\"Crude oil\">West Texas Intermediate<\/a> (WTI) rose <strong>2.89% to $92.63<\/strong> following news of the blockade and fresh U.S. airstrikes.<\/li>\n<li><strong>The U.S. Embassy in Jordan issued an emergency &quot;shelter-in-place&quot; order<\/strong> for American citizens on June 11, citing reports of missiles and drones in Jordanian airspace.<\/li>\n<li><strong>China\u2019s oil imports have plunged to an eight-year low<\/strong>, as the world\u2019s largest importer taps into its massive strategic reserves to mitigate the impact of the Persian Gulf disruption.<\/li>\n<li><strong>Mitsubishi Heavy Industries (<a href=\"\/stock\/7011\">7011<\/a>)<\/strong> is struggling to manage a record <strong>$82 billion order backlog<\/strong> as regional defense demands and turbine orders accelerate amid global instability.<\/li>\n<\/ul>\n<h2>Middle East Tensions Escalate into Global Energy Shock<\/h2>\n<p>The geopolitical situation in the Middle East reached a critical breaking point on June 11, 2026, as <strong>Iran\u2019s top military command announced the total closure of the Strait of Hormuz<\/strong>. The move follows two consecutive days of <strong>U.S. airstrikes<\/strong> on Iranian targets, which were launched in retaliation for the downing of a U.S. Army Apache helicopter. Tehran has warned that any vessel attempting to transit the waterway\u2014through which <strong>20 million barrels of oil<\/strong> pass daily\u2014will be targeted.<\/p>\n<p>The blockade has sent immediate shockwaves through financial markets. <strong>Brent crude<\/strong> and <strong>WTI<\/strong> futures both climbed more than $2 per barrel in early trading, with analysts warning that a prolonged closure could trigger the largest supply disruption in modern history. Beyond oil, the <strong>global LNG market<\/strong> is also at risk, as major exporters like Qatar rely almost exclusively on the Strait for shipments to Europe and Asia.<\/p>\n<h2>Regional Instability and Security Alerts<\/h2>\n<p>In a sign of the conflict&#39;s widening geographic footprint, the <strong>U.S. Embassy in Jordan<\/strong> issued an urgent security alert early Thursday. American citizens were requested to <strong>seek overhead cover and remain in shelters<\/strong> following reports of projectiles entering Jordanian airspace. This escalation comes as regional powers and international markets brace for further retaliation between the U.S.-Israel coalition and Iranian forces.<\/p>\n<p>In Japan, the fiscal impact of rising energy costs is already visible. The <strong>20-year Japanese Government Bond (JGB) yield<\/strong> climbed 2 basis points to <strong>3.575%<\/strong>, as investors price in higher inflationary pressures. <strong>Mitsubishi Heavy Industries (<a href=\"\/stock\/7011\">7011<\/a>)<\/strong>, a titan of Japan&#39;s defense and energy sectors, is reportedly &quot;scrambling&quot; to fulfill an <strong>$82 billion backlog<\/strong>, driven by a surge in orders for defense systems and power turbines as nations prioritize energy security and military readiness.<\/p>\n<h2>China Taps Reserves as &quot;New Normal&quot; Climate Extremes Hit Europe<\/h2>\n<p>While oil prices are surging, the impact has been partially cushioned by <strong>China&#39;s strategic decision to import significantly less oil<\/strong>. Chinese crude imports fell to approximately <strong>7.8 million barrels a day<\/strong> in May, the lowest level since 2017. By drawing down its <strong>1.2 billion-barrel commercial and strategic reserves<\/strong>, Beijing is effectively &quot;propping up&quot; the global economy by reducing its demand for the remaining available global supply.<\/p>\n<p>Separately, the <strong>European Union\u2019s Copernicus Climate Change Service<\/strong> warned that &quot;wild temperature whiplash&quot; is becoming the &quot;new normal.&quot; Following a record-breaking May heatwave that saw temperatures swing by more than <strong>12\u00b0C in just 10 days<\/strong>, the agency noted that these extremes are leaving ecosystems and agricultural sectors with little time to adapt.<\/p>\n<h2>Legal and Financial Briefs: Jho Low and Market Pressures<\/h2>\n<p>In Southeast Asia, the <strong>Singapore Police Force<\/strong> confirmed that arrest warrants and Interpol Red Notices for <strong>Jho Low<\/strong> remain in full effect. Despite the fugitive financier\u2019s recent bid for clemency from the U.S. President, Singaporean authorities stated that <strong>US$127 million in assets<\/strong> linked to the 1MDB scandal remain seized in the city-state. Meanwhile, <strong>Indonesian equities<\/strong> faced continued pressure, with the benchmark index falling <strong>0.9% to 5,850.798 points<\/strong> amid the broader regional flight from risk.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Iran has officially declared the Strait of Hormuz closed to all commercial and energy traffic, threatening roughly 20% 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