Ships are being seized, oil prices are spiking, and the world's most important waterway is shut. Here's everything that's happening, explained simply. By Youthora Desk 🇺🇸 UNITED STATES VS Active Conflict · 2026 🇮🇷 IRAN AT A GLANCE War began: February 28, 2026 Oil: $96/barrel & rising Strait of Hormuz: Effectively closed  Ceasefire: Expires April 22 Peace talks: Islamabad, Pakistan (uncertain) I f you've been seeing oil prices go crazy, petrol rates climbing, and news anch