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What does the US naval blockade of Iran really mean for the flow of oil?

Iran announces that it is once again restricting passage through Hormuz after denouncing the US for violating the ceasefire

After the Ukrainian drone attack, a fire broke out in an oil warehouse in Sevastopol (2)

Rally on the Athens Stock Exchange: The "signal" from Hormuz that launched the shares

Rally on the Athens Stock Exchange: The “signal” from Hormuz that launched the shares

Relief spreads: stock markets skyrocket and crude oil falls after the ceasefire between the US, Israel and Iran

Trump confirms the opening of Hormuz and announces a possible alliance with Iran to extract its uranium