Iran has escalated tensions by warning it has 'not even started' operations in the Strait of Hormuz, a critical global oil chokepoint. - Iran claims its military capabilities in the region are largely untapped.
- The Strait of Hormuz handles about 20% of the world's oil supply. - The U.S.
and allies are monitoring the situation amid diplomatic efforts to de-escalate. The warning signals a serious escalation that could disrupt global energy markets and international security.