IRGC Navy Political Affairs Official says we will impose our control over the Strait of Hormuz, and any attack will be met with a plan beyond the enemy's calculations, Al Jazeera reports

The statement from the IRGC Navy official indicates a significant escalation in rhetoric regarding control over the Strait of Hormuz, a critical chokepoint for global oil supply. This could heighten tensions in the region, leading to increased volatility in oil prices and potential safe-haven flows into currencies like the USD and JPY. Traders should be cautious as this rhetoric could reflect a shift toward more aggressive military posturing, impacting market sentiment and risk assets.