WASHINGTON — Global energy corridors were thrown into fresh turmoil yesterday after President Donald Trump abruptly scrapped a vital memorandum of understanding with Iran.

The decisive move immediately paralyzed ongoing diplomatic negotiations regarding navigation through the strategic Strait of Hormuz, leaving regional security frameworks in total disarray.

Energy markets reacted swiftly to the rising geopolitical friction, with crude oil benchmarks surging as international shipping operators brace for potential disruptions along the world's most critical oil transit chokepoint.