Iranian Foreign Minister Araghchi says Iran will always carry out its historical duty as the protector of security in Hormuz

Iran's Foreign Minister reiterating Iran's commitment to security in the Strait of Hormuz signals a potential for heightened geopolitical tensions in the region, which may impact oil supply routes. Given that a significant portion of global oil passes through this strait, any instability could provoke reactions in energy markets, especially WTI prices. Traders should monitor this situation closely as it could influence risk sentiment and commodity prices.