U.S. intelligence agencies have assessed that Iran now possesses the capability to effectively close the Strait of Hormuz at will. This assessment indicates a significant increase in Iran’s power to disrupt global shipping lanes. The Strait of Hormuz is a critical chokepoint for oil and gas transport, with roughly 20% of global oil supply passing through it daily. Closure of the strait would have severe consequences for the world economy, potentially leading to price spikes and supply shortages. The assessment doesn’t detail *how* Iran gained this capability, but suggests a shift in the regional balance of power. This development raises concerns about maritime security and potential geopolitical instability in the Middle East. The U.S. has not yet publicly responded to the intelligence assessment.