Iran's IRGC navy chief ready to close Hormuz Strait
pre-market1 source ↓written by the desknot a recommendation
- critical route
- 20% of global oil supplies
The commander of the IRGC navy announced readiness to close the Strait of Hormuz upon orders from Iran's leaders. This statement coincides with military exercises, which temporarily restrict vessel passage in the strait, a critical route for 20% of global oil supplies. Traders should monitor potential disruptions in oil markets. ⚓️
Not investment advice. For informational purposes only.