Iranian Senior Security Official says can sustain Strait of Hormuz closure for years, will cut US military logistics, Press TV reports
Context
This news highlights an escalatory stance from Iran regarding the Strait of Hormuz, a critical chokepoint for global oil shipments. The potential for a prolonged closure could significantly impact oil prices and supply chains, prompting traders to reassess risk exposure across energy markets and related assets, particularly oil and safe-haven currencies like gold and the USD.
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