Iran's Revolutionary Guards Navy Commander, Brigadier General Tangsiri, has warned that the Strait of Hormuz will be closed to American and European ships in a few hours.
Iran's Revolutionary Guards Navy Commander, Brigadier General Alireza Tangsiri, has indeed warned that the Strait of Hormuz will be closed to American and European ships. This statement comes amid heightened tensions in the Middle East following the US attack on Iran's nuclear sites.
The Strait of Hormuz is a vital waterway connecting the Persian Gulf to the Arabian Sea, carrying nearly 20% of the global oil supply. Any disruption to this route could significantly impact global oil prices and economies.
Closing the Strait could lead to:
Oil prices might rise, affecting global economies and inflation rates.
Trade between countries relying on this route could be severely impacted.
India's GDP might suffer by 0.5% due to increased oil prices and inflation.
Tangsiri has previously threatened to close the Strait of Hormuz in response to US sanctions targeting Iran's oil industry.
As the commander of the IRGC Navy, Tangsiri has been vocal about Iran's readiness to confront any enemy and has openly threatened US and international ships in the Persian Gulf.
It's worth noting that while Iran has threatened to close the Strait before, it has never actually done so, likely due to its own reliance on exports from oil-producing nations.#IsraelIranConflict $BTC