Iran Army Spokesperson says control over the Strait of Hormuz will bring economic benefits twice as much as oil revenues

The statement from Iran's Army Spokesperson underscores the strategic importance of the Strait of Hormuz, emphasizing potential economic gains tied to military control in a region crucial for global oil transport.

Newsquawk StaffPublished 13 May 2026, 11:42 UTCOn the live feed at 11:22 UTC — 4 more headlines followed before this page went public

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Iran Army Spokesperson says control over the Strait of Hormuz will bring economic benefits twice as much as oil revenues

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Context

This rhetoric could elevate geopolitical tensions, particularly affecting oil prices and related commodities, as traders assess risks to supply stability that may arise from future actions.

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