A post by @DeItaone on X.
IRAN: STRAIT OF HORMUZ WILL REMAIN CLOSED UNTIL US MEETS SEVEN CONDITIONS
@DeItaone on X
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Iran declared the Strait of Hormuz will remain closed until the US meets seven conditions, according to a statement relayed by @DeItaone citing Rezaee, who said Washington's response to Iran's demands has been insufficient and that the US must explicitly address and fulfill all seven conditions. The closure of the strait, a chokepoint for roughly a fifth of global oil consumption, threatens crude and LNG flows and raises the risk of higher energy prices. Traders will watch for any US response to the seven conditions, signs of a diplomatic off-ramp, and shipping and insurance costs through the Gulf.
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Named in this story
Strait of Hormuz, Iran, United States, Rezaee, Walter Bloomberg