Head of the National Security Commission says "the 47-year period of hospitality in the Strait of Hormuz is over", ISNA reports, adding "The Strait of Hormuz will definitely open", but not for Trump

This statement indicates a significant shift in diplomatic relations regarding the Strait of Hormuz, a vital channel for global oil shipments. The comment about hospitality ending suggests a firmer stance against U.S. policies, which could elevate geopolitical tensions and consequently impact oil prices and broader market sentiment. Traders should watch for volatility in energy markets and currencies sensitive to geopolitical risk, especially those linked to oil-exporting countries.