Iran's Hormuz Aggression Halts Global Oil Supply; Europe-Japan Unite for Security

• Tensions escalate around the Strait of Hormuz, prompting a joint statement from Europe and Japan.
• Britain, France, Germany, Netherlands, Italy, and Japan pledge active role in ensuring safe navigation.
• Joint statement condemns Iran's attacks on commercial vessels and infrastructure, calling them contrary to international law.
• Strait of Hormuz, vital for 20% of global oil/gas, faces near halt in shipping due to Iranian actions.
• European fuel prices surge; Brent Crude hit $119/barrel, gas prices up 60% since February 28.