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macroJun 20, 2026, 2:09 PM

Iran's IRGC Confirms Closure of Strait of Hormuz to All Vessels

The Islamic Revolutionary Guard Corps (IRGC) has officially announced that the Strait of Hormuz is closed to all vessels, warning that any approaching ships face a security risk.

The Islamic Revolutionary Guard Corps (IRGC) has officially confirmed that the Strait of Hormuz is now closed to all maritime traffic. The IRGC warned that any vessels attempting to approach the strait will be considered a security risk.

This development has immediate repercussions for global energy markets, as the Strait of Hormuz is a critical chokepoint for crude oil shipments, carrying roughly 20% of the world's daily oil supply. The closure heightens geopolitical tensions in the region and could sharply impact oil prices and supply chains.

Traders should monitor further statements from Iran and international responses, as the situation remains highly volatile.

Source: The Kobeissi Letter