A post by @FirstSquawk on X.
IRGC SPOKESMAN SAYS U.S. NAVIGATION AID EQUIPMENT WAS COMPLETELY DESTROYED IN THE SOUTH OF THE STRAIT OF HORMUZ
@FirstSquawk on X
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Iran’s Islamic Revolutionary Guard Corps said U.S. navigation aid equipment in the southern Strait of Hormuz was completely destroyed, according to a statement carried by First Squawk. The claim, which did not specify the extent of damage or the type of equipment affected, targets a waterway that handles roughly a fifth of global oil consumption. The Strait of Hormuz is the world’s most important oil chokepoint, so any threat to shipping infrastructure carries outsized weight for crude prices and freight rates. Traders will watch for confirmation from U.S. officials or naval authorities and for any sign of disruption to tanker traffic or insurance costs.
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Named in this story
Strait of Hormuz, IRGC, United States