GeopoliticsAugust 18 at 04:37 AM

Iranian Parliamentary Speaker Ghalibaf says the Strait of Hormuz will not open until the blockade and oil embargo are lifted. Adds, "Iran is ready to inflict a heavier defeat on the enemy than before, in proportion to his actions and encroachments."

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Iranian Speaker Ghalibaf explicitly linked the reopening of the Strait of Hormuz to the removal of oil embargoes, maintaining a high-risk stance that keeps energy markets volatile and supply chains threatened.

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Iranian Parliamentary Speaker Ghalibaf says the Strait of Hormuz will not open until the blockade and oil embargo are lifted. Adds, "Iran is ready to inflict a heavier defeat on the enemy than before, in proportion to his actions and encroachments."

What do investors think?

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