A post by @FirstSquawk on X.
IRAN'S BRIGADIER GENERAL HEYDARI: WE HAVE CLOSED THE STRAIT OF HORMUZ AND WE WILL NOT OPEN IT EXCEPT BY THE ORDER OF THE LEADER OF THE REVOLUTION - ISNA
@FirstSquawk on X
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Iranian Brigadier General Heydari said the Strait of Hormuz has been closed and will remain shut until Supreme Leader Ali Khamenei orders otherwise, according to ISNA. The strait is the world's most important oil chokepoint, carrying roughly a fifth of global petroleum consumption, so the announcement puts a large share of seaborne crude and LNG flows at risk. Markets will watch whether the closure is enforced in practice or remains a rhetorical posture, and how long shipping traffic and insurance costs react.
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Named in this story
Strait of Hormuz, Iran, Brigadier General Heydari, Leader of the Revolution, ISNA