Unified command of Iranian armed forces Khatam al-Anbiya spokesperson said the Strait of Hormuz is undoubtedly under Iran's control
The statement from the Iranian spokesperson emphasizes Iran's control over the Strait of Hormuz, a crucial point for global oil supply, signaling potential risks for energy markets.
IRGC says it carried out the 40th wave of their operations by firing Qadr, Imad, Khyber Shaken and Fatah missiles at targets in Tel Aviv, Jerusalem and Haifa
G7 reaffirms determination to continue sanctions against Russia and agreed to establish coordination between G7 and Gulf countries to deal with economic consequences of the Middle East war
Unified command of Iranian armed forces Khatam al-Anbiya spokesperson said the Strait of Hormuz is undoubtedly under Iran's control
EU warns Iran conflict could push the bloc's inflation above 3%, Bloomberg reports
Mexico's ruling party fails to pass President Sheinbaum's electoral reform
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This development could elevate geopolitical tensions, impacting oil prices and influencing risk sentiment across commodities and related assets. Traders should monitor how this assertion may affect WTI and broader market reactions, especially given the region's significance in energy security.
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