The IRGC said that the situation in the Strait of Hormuz is under the full control of Iranian naval forces, Press TV reports
Context
The statement from the IRGC regarding full control over the Strait of Hormuz reinforces Iran's assertive stance in a crucial maritime route for oil transport. This could heighten tensions in the region, potentially impacting global oil prices and driving investor interest towards safe-haven assets like gold or the USD. Watch for possible market reactions, especially in energy-related sectors and commodities.
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