Iran’s Revolutionary Guard warns of "closure of the Strait of Hormuz"… threatens attacks on ships
Summary
- A senior official of Iran’s Islamic Revolutionary Guard Corps (IRGC) reportedly issued an official warning that it would close the Strait of Hormuz and attack vessels transiting it.
- The Strait of Hormuz is a key maritime route through which about 20% of global crude oil supply passes, and a blockade is expected to make a sharp spike in international oil prices and a shock to global supply chains unavoidable, the report said.
- It remains unconfirmed whether a blockade has been carried out, and markets are watching how the United States and major oil-producing countries respond, it added.
Forecast Trend Report by Period
According to Walter Bloomberg, an overseas economic breaking-news channel, on the 2nd (local time), a senior official of Iran’s Islamic Revolutionary Guard Corps (IRGC) made an official statement that it would close the Strait of Hormuz, issuing a warning to the effect that it would attack all vessels transiting the strait.
The Strait of Hormuz is a critical maritime chokepoint through which about 20% of the world’s crude oil supply passes, serving as a gateway for Middle Eastern crude exports. Should an actual blockade materialize, a sharp surge in international oil prices and a shock to global supply chains are expected to be unavoidable.
It has not yet been confirmed whether the strait has in fact been blockaded, and market attention is also focused on how the United States and major oil-producing countries will respond.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
![[Today’s Key Economic and Crypto Calendar] Remarks by New York Fed President John Williams, and More](https://media.bloomingbit.io/static/news/brief_en.webp?w=250)
![[New York Stock Market Briefing] No panic selling despite Iran strikes… major indexes end mixed](https://media.bloomingbit.io/PROD/news/d1e54584-a951-4909-b32e-b5c4601821a0.webp?w=250)
