In a dramatic and potentially far-reaching development, Iran’s Islamic Revolutionary Guard Corps (IRGC) has announced the closure of the Strait of Hormuz—one of the most critical waterways in global trade and energy supply. The declaration, $BTC
accompanied by warnings of a “harsh response” to any vessel attempting transit, marks a significant escalation in regional tensions and raises urgent concerns across international markets.
According to the IRGC, the move came after what it described as “false statements” by the President of the United States regarding the continued openness of the strait. In response, Iranian forces reportedly intercepted three container ships of different nationalities that had entered the designated transit corridor, turning them back after issuing formal warnings.$BTC
