BREAKING: Iran threatens the US with "complete and absolute closure of the Strait of Hormuz," following tonight’s US attacks warning it will now be "fully responsible for the consequences" on oil and gas exports, per Fars.
With this closure and global oil inventories now weeks away from hitting historic lows after IEA nations drew down strategic reserves faster than at any point in history, $200+ oil is imminent.
Iran says it's ending all negotiations and vows to "completely block" Strait of Hormuz, per CNBC.
Same nonsense everyday.
Deal no deal, strait open not open.
Just stop talking about it for sometime and hope it will happen
🇮🇷 Since the “ceasefire,” 363 vessels have passed through the Strait of Hormuz under Iranian protection.
Iran has reportedly collected around $1.5 billion in taxes from them.
So while everyone celebrates the end of the blockade… Iran quietly turned the Strait into a lucrative toll road and is raking in serious cash.
The “ceasefire” is working out a lot better for Tehran than many expected.
Source: NDTV
🇴🇲🇮🇷 A naval mine just turned up in the Strait of Hormuz.
Oman's Maritime Security Center detected it west of the inshore traffic zone, warning all vessels to stay clear.
This comes as tensions remain at a critical high.
Just 24 hours ago, the U.S. Navy accused Iran of an illegal underwater mining campaign and launched emergency mine-clearance operations north of the Musandam Peninsula, warning that any vessel caught laying mines will be targeted.
Source: Anadolu Agency
🇺🇸🇮🇷 The narrative war over the Strait of Hormuz is moving faster than the actual physical evidence.
While the U.S. Navy has actively deployed underwater drones to sweep the shipping lanes, the precise number of active mines remains a heavily guarded, disputed variable.
But here is the cynical reality: in a conflict where both sides have every incentive to aggressively shape the narrative, a phantom mine threat is just as effective as a live one.
Worth noting: It spikes oil markets, justifies a heavy Western naval presence, and maintains crushing economic pressure on Tehran, all without firing a single shot.
Source: NBC News
BREAKING: The US Treasury has added Iran’s Persian Gulf Strait Authority to its sanctions list, according to the department’s website. The body oversees passage through the Strait of Hormuz, reports Reuters.
🔴 More on https://t.co/5H0QqpfIYw
🚨🇺🇸🇮🇷 The U.S. Treasury just sanctioned the Persian Gulf Strait Authority, the entity Iran created to manage Hormuz shipping
Per OFAC's update, the PGSA has been added to the Specially Designated Nationals list under counterterrorism authorities and explicitly linked to the Islamic Revolutionary Guard Corps.
Iran has spent weeks publicly framing Hormuz management as a Tehran and Muscat arrangement going forward.
The U.S. just designated the Iranian half of that arrangement as an IRGC linked terror entity.
No shipping company can now pay tolls to the PGSA without facing secondary sanctions.
This effectively kills the mechanism Iran wanted to keep, regardless of MoU language.
Washington is pre solving the Hormuz dispute by sanctioning Tehran's tool for managing it.
The dueling narrative just got an answer.
Source: @officialrnintel