Iran's Supreme National Security Council Larijani says "it is unlikely that any security will be achieved in the Strait of Hormuz amid the fires of the war ignited by the US and Israel in the region"

Larijani's comments highlight escalating tensions in the Strait of Hormuz, which could lead to further instability in global oil supplies. This situation is likely to create upward pressure on oil prices and could strengthen safe-haven assets like gold and the USD as traders seek to hedge against geopolitical risks.