A senior Iranian adviser said the U.S. naval blockade is "no different than bombing" and must be met "with a military response.", via WSJ

The remarks from the Iranian adviser convey a heightened level of tension, suggesting that Iran views the U.S. naval blockade as an act of aggression warranting a military response. This escalation could have significant implications for oil markets and regional stability, potentially affecting prices and risk assets as investors reassess geopolitical risks. Expect movements in safe havens like gold and the possibility of volatility in related asset classes.