Iranian military warns the US Navy not to approach or enter the Strait of Hormuz
The Unified Command of the Iranian armed forces warned on Monday the US Navy not to approach or enter the Strait of Hormuz. It further stated that it will 'respond harshly’ to any threat at any level and in any part of Iran.
Key quotes
US aggressive actions will only 'complicate current situation’ and endanger the security of vessels in the Gulf.
All commercial ships and oil tankers must refrain from any movement without coordination with Iranian military stationed in the Strait of Hormuz.
Will 'respond harshly’ to any threat at any level and in any part of Iran.
Market reaction
At the time of writing, the West Texas Intermediate (WTI) is down 1.76% on the day at $97.80.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
WORKIVA INC. <WK.N>: BAIRD CUTS TARGET PRICE TO $95 FROM $105
Ben Cowen Says After Nasdaq Fall, Bitcoin Could Head Back to $58,000
QUEBECOR INC. <QBRb.TO>: SCOTIABANK RAISES TARGET PRICE TO C$72 FROM C$66
Taiga Building: Boise Cascade Has Advised That It Plans to Continue Ops at Both Facilities >TBL.T
Crypto prices
More
