Iran’s foreign ministry and IRGC-affiliated media just issued a fresh warning: the Strait of Hormuz could be closed once more if the US naval blockade stays in place.
The strait reopened only a short time ago under a limited April 8 ceasefire agreement. Ships must be commercial, follow Iranian-designated routes, and have no links to “hostile countries.” Foreign Ministry spokesman Esmaeil Baghaei said there is “no new agreement” and that any continued blockade would violate the truce. He added, “Iran is the guardian of the Strait of Hormuz” and Tehran will take whatever steps it considers necessary.
This route carries around one-fifth of global oil trade. Any renewed closure would hit shipping and energy prices fast.
Markets reacted immediately. Bitcoin briefly pushed above $78,000 as traders priced in the latest US-Iran developments; it’s now trading near $77,100 (up roughly 4% in the last day). The same regional tensions have already pushed some commodity traders toward stablecoins when banks started pulling back from trade finance.
Source: https://coinedition.com/iran-warns-strait-of-hormuz-could-close-again-if-us-blockade-continues/
What’s your read… just another headline or something that could actually move broader markets longer term?
https://coinedition.com/iran-warns-strait-of-hormuz-could-close-again-if-us-blockade-continues/
Posted by Feisty-Rhubarb-6718
1 Comment
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