Summary
- An Iranian military adviser said no country has the ability to block Iran’s oil exports.
- US Central Command said it had redirected 30 vessels as part of an operation to block the Strait of Hormuz.
- Markets are watching whether the blockade leads to actual export disruptions and how control of the strait unfolds, with both seen as key variables for the energy market.
Forecast Trend Report by Period
Iran said its oil exports cannot be stopped despite US pressure involving a maritime blockade, extending a standoff over energy supplies.
The Wall Street Journal reported on April 27 that Mohsen Rezaei, a military adviser to Iran’s supreme leader, said no country has the ability to block Iran’s oil exports.
He also took aim at the US, urging it to focus on addressing domestic turmoil instead of bluffing.
Earlier, US Central Command said it had redirected 30 vessels as part of an operation to block the Strait of Hormuz.
Markets are focused on the gap between Washington and Tehran over the effectiveness of the maritime blockade. Whether exports are actually disrupted and how control of the strait unfolds are key variables for the energy market.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
