Iranian Ambassador to Russia says Iran has never sought to close the Strait of Hormuz, and it has not closed it during the past days, but rather it wanted to stabilise the legal system, Al-Mayadeen reports

This statement from the Iranian Ambassador suggests an intention to de-escalate tensions regarding the Strait of Hormuz, a critical shipping route for oil. It may alleviate fears of supply disruptions, which could stabilize oil prices and impact related commodities. A more stable geopolitical landscape can also influence market sentiment towards riskier assets, particularly in energy markets.