Iranian Chairman of the National Security and Foreign Policy Commission says the Strait of Hormuz cannot be opened without Iran’s will, IRIB reports
Newsquawk Staff ·
Iranian Chairman of the National Security and Foreign Policy Commission says the Strait of Hormuz cannot be opened without Iran’s will, IRIB reports.
What it means
Rhetoric of this kind from Iranian officials over the Strait of Hormuz is a recurring feature of periods of elevated tension, and on previous occasions the pattern has been that such statements move the front of the crude curve and tanker insurance and freight costs rather than physical supply, since an actual closure has historically been threatened far more often than attempted. The distinction that matters is between signalling intended to raise the cost of pressure on Tehran and operational steps toward disruption: the former tends to add a risk premium that fades when headlines cool, the latter would involve naval deployments, harassment of shipping, or mine activity, none of which this headline asserts. The speaker is a parliamentary commission chair rather than the Supreme Leader, the IRGC, or the armed forces command, and statements from that tier have typically carried less weight than those from the bodies that actually control the strait. Worth watching is whether IRGC naval commanders echo the line, any change in tanker traffic or war-risk insurance pricing in the Gulf, and whether the remark precedes or follows a specific escalation event. As reported through state broadcasting, the statement reads as calibrated domestic and deterrent messaging rather than a decision.
Sources
- [MARKET ANALYSIS] Oil prices hold onto gains after rallying amid geopolitical concerns with reports noting US and Israeli military are drawing up plans to resume strikes on Iran
- Iran's IRGC threatens to target US bases if commercial ships continue transiting Strait of Hormuz, according to
- Newsquawk Daily Asia-Pac Opening News - 23rd October 2026
- US President Trump on Iran, says may do it a little bit further
- CRUDE WRAP: WTI (Z6) SETTLES USD 2.32 HIGHER AT 99.47/BBL; BRENT (Z6) SETTLES USD 4.35 HIGHER AT USD 113.17/BBL
Related headlines
- US President Trump called Musk and asked him to lift Ukraine Starlink (SPCX) restrictions, WSJ reports8 hours ago
- Ukraine President Zelensky says Ukraine is ready for peace talks at G20, but so far no such invitation9 hours ago
- An Israeli military official told Channel 12 that here is no reason to launch an attack on Iran before the elections; If we detect preparations in Iran for an attack, we will act9 hours ago
- US President Trump says "Iran is doing everything they can to drive up the price of Oil prior to the U.S. Midterm Election". 10 hours ago
- US Treasury Secretary Bessent says the Iranian regime's arrogance and belligerence continue to punish ordinary Iranians12 hours ago
- US EQUITY OPEN: Mag-7 earnings lead Tech and Indices lower as the Middle East situation remains fragile12 hours ago
- Secretary of Iran's Supreme National Security Council says we are in talks with Gulf states regarding a security structure that could prevent the region from becoming an arena of confrontation, Al Jazeera reports15 hours ago
- A US source told Al Arabiya that the Florida meetings between Lebanon and Israel ended without a breakthrough7 hours ago
- Washington will determine the timing of the next attacks on Iran, reports Al Hadath citing sources telling Israel Hayom13 hours ago
- US President Trump will deliver remarks in Florida on Friday, Georgia on Saturday and Michigan on Sunday, according to The Whiye House4 hours ago
- US President Trump, on Ukraine’s Starlink (SPCX) access, says it’s a very interesting situation; won’t comment on whether he spoke to Elon Musk; bottom line is Musk put it back6 hours ago
- US TREASURY WRAP: T-NOTE FUTURES (Z6) SETTLE 1 POINT AND 9+ TICKS HIGHER AT 106-137 hours ago
- US President Trump invokes Section 232 on wind turbine imports7 hours ago
- US President Trump signs EO on housing costs, aiming to cut mortgage insurance premiums7 hours ago
- [Market Update] Risk-off trade continues as AI concerns linger; stocks trade at new lows with NQ -3.0% as tech leads losses, while gold sees new lows; Treasuries push to new highs, weighing on USD; oil trades off highs supported by geopolitical risk8 hours ago