Iranian Revolutionary Guard Navy says we will keep the Strait of Hormuz closed, via Al Jazeera

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.