A post by @FirstSquawk on X.

Iranian official Mohebi dismissed the latest U.S. blockade effort, saying prior naval, air and land blockades had already failed and that the so-called “Iron Gate” plan will remain only on paper and in statements by U.S. officials and CENTCOM commanders. The remarks signal Tehran’s view that Washington’s pressure campaign lacks enforcement teeth, a stance that matters for markets watching Gulf shipping lanes and oil flows. Traders will look next for any concrete U.S. follow-through—new vessel interdictions, carrier movements or sanctions—that would test Mohebi’s claim.