Iranian Foreign Minister Araghchi says "In our view, the Strait of Hormuz is open to all commercial ships, but they must cooperate with our naval forces"; adds "hope this situation will end with the lifting of this illegal blockade imposed by America"

This statement from the Iranian Foreign Minister emphasizes Tehran's stance on the crucial Strait of Hormuz being open to commercial shipping, provided there is cooperation with Iranian naval forces. This could imply heightened tensions or restrictions for vessels perceived as non-compliant, potentially impacting oil supply routes and, by extension, global oil prices. Traders should monitor how this rhetoric might influence risk sentiment in the energy markets and broader geopolitical dynamics.