IRGC threatens indefinite closure of the Strait of Hormuz, citing US policies, as oil prices hold near $79.50.
The Iranian Islamic Revolutionary Guards Corps announced the Strait of Hormuz will remain closed until the ‘end of America’s evils.’ The statement follows attacks on US military logistics centers in Kuwait and Jordan, marking the second strike on the Azraq base this week.
The Strait of Hormuz is a critical chokepoint for global oil shipments, with roughly 20% of the world’s crude passing through it daily. Prior threats of closure have historically triggered volatility in oil markets, though recent geopolitical tensions have not yet disrupted supply.
West Texas Intermediate crude prices showed little reaction, trading near $79.50 amid muted market response to the latest escalation.