Iranian politician affiliated with Resistance Front of Islamic Iran, Mohsen Rezaei says they will not leave the Strait of Hormuz until the full realisation of Iran's rights, adds that this time, Iran has set preconditions

This statement highlights increasing tensions in the Strait of Hormuz, a critical chokepoint for global oil supply. Iran's insistence on preconditions may bolster geopolitical risk, potentially leading to spikes in oil prices, particularly WTI, as markets react to fears of disruptions. Watch for how this affects energy sector sentiment and positioning in commodities-related assets.