Iran Rejects Second Strait of Hormuz Corridor: State TV
A top military advisor to Iran's Supreme Leader said Tehran will not permit a second shipping lane in the Strait of Hormuz, state television reported.
Iranian state television quoted General Mohsen Rezaei, an advisor to Supreme Leader Ayatollah Ali Khamenei, as saying the country will 'absolutely not allow' the opening of a second corridor in the Strait of Hormuz. The statement was carried by Reuters.
The Strait of Hormuz is one of the world's most critical oil chokepoints, through which about a fifth of global petroleum passes. Any disruption or perceived threat to the waterway often moves energy markets and currencies of oil-exporting nations.
Source: FXStreet Forex News