Iran Shuts Down Strait of Hormuz—Trump Warns Tehran as Iraq’s $24B ‘Development Road’ Emerges as Critical Alternative Trade Route The effective closure of the Strait of Hormuz in April 2026 has accelerated the development of alternative trade routes connecting the Gulf to Europe, with Iraq’s $24 billion Development Road project advancing “with discipline,” according to analysts. Iran reimposed closure measures on April 18, reducing commercial traffic from approximately 130 to 140 vessels per day to a handful, Fox News Digital reported. President Donald Trump warned Tehran and signaled U.S. readiness to keep the strait open. The waterway, a narrow…
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