Iran Army Spokesperson says Strait of Hormuz is under strategic control of Iranian Armed Forces; We will no longer allow American weapons to pass through the Strait of Hormuz and enter bases in the region.
Newsquawk Staff ·
Any country that wants to pass through this waterway must be under the supervision of the Iranian armed forces and must pass without harm.
The west of the strait is under the control of the IRGC Navy, and the east is under the control of the Army Navy.
What it means
The comment from the Iranian Army spokesperson signifies a notable escalation in tensions in the Strait of Hormuz, a critical passage for global oil shipments. This could heighten risks to maritime security and impact oil prices, particularly WTI, as markets assess the likelihood of disruptions to a key supply route. Furthermore, any increased military presence by Iran might provoke reactions from Western nations, complicating the geopolitical landscape in the region.
Sources
- Foreign Ministers of Egypt, Saudi Arabia, Turkey and Pakistan say ‘Israeli occupation is the main source of instability in the region and beyond’, according to a statement
- CRUDE WRAP: WTI (Z6) SETTLES USD 3.80 HIGHER AT USD 103.27/BBL; BRENT (Z6) SETTLES USD 3.55 HIGHER AT USD 116.72/BBL
- Citi says it remains neutral on copper until more energy-market and tariff clarity emerges; views any associated risk-off episodes as good long-term buying opportunities
- Iran and Russia to hold talks in Moscow next week, Mehr reports
- US Ambassador to Turkey Tom Barrack says US could strike Iran as soon as this weekend, AFP reports citing an interview on Israeli radio
Related headlines
- Iran has developed plans to target undersea communications cables in the Gulf if the US and Israel launch further attacks, according to two officials speaking to Reuters2 hours ago
- Russia's Kremlin says Russian and Ukrainian militaries are working to determine dates for ceasefire talks4 hours ago
- US President Trump says "we could end the Iran war very quickly", adds "do we want to finish it or let it within is the question"4 hours ago
- US President Trump is set to speak with UK PM Burnham this afternoon on the Russia-Ukraine situation, BBG reports4 hours ago
- Turkish FM says nobody approves another attack on iran, diplomacy is the only way, following a meeting with European counterparts4 hours ago
- Senior Ukrainian Official says that a ceasefire in Russian-occupied Oleshky is to be established soon4 hours ago
- Week in Focus 26-30th October 2026: FOMC, BoC, RBNZ, ECB, BoJ Policy Decisions, US PCE4 hours ago
- Newsquawk Weekly Economic Release 26th - 30th October 2026 5 hours ago
- Newsquawk European Market Wrap - 23rd October 20265 hours ago
- US EQUITY OPEN: Breadth poor at the open: Energy leads gains on oil rally, Tech sees slight bounce5 hours ago
- UAE's Sharjah has temporarily closed Al Hamriyah Beach as a precaution after oil spill from a tanker6 hours ago
- White House says First Lady Melania Trump successfully secured a ceasefire between Russia and Ukraine, localised to the city of Oleshky6 hours ago
- Daily US Equity Opening News: SPCX explores access to 80K US cell sites; OpenAI nears USD 30bln funding at $1.25T valuation6 hours ago
- US Midterm Preview: Democrats Favoured to Flip the House, Senate Too Close to Call7 hours ago
- While Washington continues to exert economic pressure on Tehran, an American media report reports that it is considering a scenario of several days of attacks on Iran; a scenario that includes missile, drone, energy and nuclear facilities, ILNA reports7 hours ago