Iran threatens to completely close Strait of Hormuz if US bombs power plants
Trending Articles- Breaking: Gold falls below $5,000 as oil-driven inflation fears weigh
- $180 Oil Prices Imminent? Saudi Arabia Warns: Crisis to Last Until Late April, Oil Prices Will Break Historic Highs
- Gold tumbles below $4,650 as inflation fears and liquidity squeeze weigh
- Gold falls below $4,850 as Fed holds rates steady
- WTI rises above $95.00 as Iran's attacks on facilities fuel supply fears
- Surging Over 20%. Ethereum Crushing Bitcoin, What Does This Really Mean?
Iran’s Islamic Revolutionary Guard Corps (IRGC) said that it will completely shut the strait if US President Donald Trump proceeds with his threats to target Iranian energy facilities, the Guardian reported on Monday.
This statement came as Trump has given Iran 48 hours to reopen the strait of Hormuz to shipping or face the destruction of its energy infrastructure. Separately, an Iranian source told CNN that Tehran is moving forward with monetizing control of the critical waterway.
Market reaction
Crude oil prices edge higher following this headline. At the time of writing, the West Texas Intermediate (WTI) is up 0.24% on the day at $97.35.
Read more
* The content presented above, whether from a third party or not, is considered as general advice only. This article should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments.
