Summary
- Iranian authorities said they have no intention of blocking the Strait of Hormuz and have no plan to do so.
- The Strait of Hormuz was described as a strategic maritime shipping route through which about 20% of the world’s oil supply passes.
- Whether the strait is blocked was assessed as a factor that could have a major impact on global energy supplies and oil prices.
Forecast Trend Report by Period
Iranian authorities said they have no intention of blocking the Strait of Hormuz.
On the 5th (local time), Walter Bloomberg reported that Iran said it has no plan to block the Strait of Hormuz.
Earlier on the 3rd, multiple foreign media outlets reported that a senior official of Iran’s Islamic Revolutionary Guard Corps (IRGC) had issued a warning that Iran would block the Strait of Hormuz.
The Strait of Hormuz is known as a strategic maritime shipping route through which about 20% of the world’s oil supply passes. Whether the strait is blocked is seen as a factor that could have a major impact on global energy supplies and oil prices.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
