BEHNAM SAEIDI, SECRETARY OF THE PARLIAMENT'S NATIONAL SECURITY COMMISSION: THE STRAIT OF HORMUZ, THROUGH WHICH 20 PERCENT OF THE WORLD'S OIL AND GAS PASSES, IS NOW UNDER THE EXCLUSIVE SUPERVISION OF THE ISLAMIC…

Behnam Saeidi, Secretary of the Parliament's National Security Commission, announced that the Strait of Hormuz, a critical passage for 20% of the world's oil and gas, is now under exclusive supervision of the Islamic Republic. This statement heightens geopolitical tensions, potentially impacting risk appetite among investors and leading to concerns over supply disruptions in the oil market. Crude oil prices and energy stocks are particularly exposed, as any escalation in military or political conflict could threaten shipping routes and increase volatility. Traders will be closely watching for any military movements or further statements from Iranian officials that could indicate a shift in the security dynamics of the region.

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