Iranian Foreign Minister Araghchi reiterates that the Strait of Hormuz is closed to ships of the parties participating in the aggression against Iran, Al Jazeera reports

The Iranian Foreign Minister's statement about closing the Strait of Hormuz to ships from nations perceived as aggressors signals potential escalation in regional tensions. This could heighten risks for oil supply routes, impacting WTI prices, and may prompt traders to reassess their positions given the strategic importance of this chokepoint in global energy markets. Watch for market reactions, particularly in energy sectors and regional equities.