Tensions between the US and Iran are affecting global oil shipments. A key waterway is currently a point of contention. Iranian officials are pushing back against claims of US control.

They say the waterway will not fully reopen until certain demands are met. The US has been maintaining economic pressure on Iran. This comes after a period of strikes.

The situation is being closely watched due to its potential impact on gas prices. Further details on the situation are available from KXXV News, including statements from President Donald Trump and Iranian officials.