IRGC Says Safe Transit Through Strait of Hormuz Only via Iran-Designated Routes
The Iranian Revolutionary Guards warned that safe passage through the strategic strait is limited to routes assigned by Tehran, raising geopolitical risks.
The Islamic Revolutionary Guards Corps (IRGC) stated on Thursday that any safe transit through the Strait of Hormuz must follow routes designated by Iran. This announcement introduces a new layer of tension in the vital waterway, through which a significant portion of global oil shipments pass.
The statement did not specify any immediate changes to maritime traffic, but it underscores Iran's potential to restrict passage. Markets will likely monitor for any escalation affecting energy supply chains.
Source: FXStreet Forex News