IRGC Navy warns all vessels that intend to transit the Strait that the only safe route is the corridor previously announced by Iran

The warning from the IRGC Navy highlights increased tension in the Strait, a critical chokepoint for oil transport. This directive may exacerbate fears of potential disruptions in energy supplies, likely affecting WTI prices and broader commodities markets. Traders should be cautious, as such geopolitical stressors can lead to volatility not just in oil, but also in currencies tied to energy exports.