MarketPR
The Strait of Hormuz is in focus after the Islamic Revolutionary Guard Corps declared the waterway closed and stated that passage now requires a permit from Iran.
Crude oil futures (CL1), tanker equities, and energy sector shares are the instruments the tape is watching.
The next confirmable milestone is any formal permit framework from Tehran, or a diplomatic response from governments whose commercial shipping uses the passage.
What the IRGC stated The Islamic Revolutionary Guard Corps announced that the Strait of Hormuz is closed and that ships now require Iranian authorization before transiting.
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