Iranian Revolutionary Guard Navy says we will keep the Strait of Hormuz closed, via Al Jazeera
Newsquawk Staff ·
Iranian Revolutionary Guard Navy says we will keep the Strait of Hormuz closed, via Al Jazeera.
What it means
The Iranian Revolutionary Guard Navy's assertion to maintain closure of the Strait of Hormuz signals potential escalation in tensions, affecting global oil supplies. This move could heighten risk premiums in oil markets and draw safe-haven bids into gold and the dollar. Traders should brace for increased volatility and consider potential implications for Middle Eastern stability and international energy prices.
Sources
- Israel exit poll shows Israeli PM Netanyahu's coalition wins 50 seats, opposition wins 52 seats and Arab-led parties win 18 seats
- Jordanian and Syrian foreign ministers agree to form a joint security committee to investigate details of recent Jordanian strikes on Islamic State sites in Syria
- Israeli election exit poll: Netanyahu bloc 55 seats; opposition bloc 49; Arab parties bloc 16, i24NEWS reports
- Netanyahu’s Likud Party to be largest in Knesset, reports Channel 12 Exit Poll; no clear winner in Israeli election
- US President Trump suggests Venezuela could become a US state; reiterates oil is flowing out of the Strait of Hormuz
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