Iran claims it is fully capable of blocking the Strait of Hormuz
PANews reported on March 11 that the spokesperson for Iran's Khatam al-Anbiya Central Command issued a stern warning today (March 11), stating that Iran is fully capable of blocking the Strait of Hormuz. The spokesperson made it clear: "We will never allow even a single liter of oil to pass through the Strait of Hormuz in a way that benefits the United States and its allies." He also pointed out that Western countries' attempts to lower global oil and energy prices through external intervention are destined to fail.
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
El Niño disrupts palm oil: Indonesia and Malaysia's production expected to drop by 3% in 2027, price may rise towards $1226
Continuous drought caused by a strong El Niño is expected to reduce yields next year, and palm oil production in Indonesia and Malaysia is projected to decline by 2027, tightening global supply and pushing prices higher.
FactSet appoints former Robeco COO Marcel Prins to board
Lighter falls 11% after Bitwise’s LIT ETP launch – But there’s a catch!
