Senior Iranian Lawmaker said a parliamentary proposal would bar oil tankers linked to the US and Israel from passing through the Strait of Hormuz "forever"
The statement from the Iranian lawmaker represents a significant escalation in tensions concerning the Strait of Hormuz, a crucial passage for global oil shipping.
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Senior Pakistani official says "everything is under control regarding the ceasefire in Iran" and "nothing will obstruct the negotiations, and minor violations are expected"
Senior Iranian Lawmaker said a parliamentary proposal would bar oil tankers linked to the US and Israel from passing through the Strait of Hormuz "forever"
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This move could lead to supply disruptions, impacting oil prices and potentially driving traders toward safer assets like gold or the dollar. Investors should closely monitor how this will affect geopolitical risk premiums and broader market sentiment on energy commodities.
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