IRGC says allegation that an oil tanker escorted by the US army passed through the Strait of Hormuz is false, according to Al Jazzera

IRGC says allegation that an oil tanker escorted by the US army passed through the Strait of Hormuz is false, according to Al Jazzera.

This statement from the IRGC challenges allegations about US military involvement in the Strait of Hormuz, which could ease tensions in the region. Given the critical maritime route for oil, any perceived escalation could impact oil prices, particularly WTI, and broader commodities markets. If this alleviates fears of confrontation, it may stabilize current price fluctuations in oil, benefiting risk assets.