Commander of the Iranian Navy says "The effective and responsible presence of the naval forces ensures the stability and pathways of energy and vital trade", via Sky News Arabia

• Says the active and responsible presence of naval forces guarantees the stability of vital energy and trade routes.

The statement from the Iranian Navy commander emphasizes the role of naval presence in maintaining stability in key energy and trade routes. This could heighten geopolitical tensions, particularly affecting oil prices and safe-haven assets, given that disruptions in these routes often lead to volatility in commodities and currency markets.