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fxJul 15, 2026, 2:11 AM

Iran's IRGC Threatens to Close Strait of Hormuz

The Islamic Revolutionary Guard Corps stated the Strait of Hormuz will remain closed until the end of America's evils.

USOIL

The Islamic Revolutionary Guard Corps (IRGC) said on Wednesday that the Strait of Hormuz will remain closed until the 'end of America's evils.' The statement escalates tensions in the region, threatening a key chokepoint for global oil shipments.

Approximately 20% of the world's oil passes through the Strait of Hormuz. Any prolonged closure could significantly impact crude prices and currency markets tied to energy imports.

Source: FXStreet Forex News