Qatari Foreign Ministry: The Prime Minister confirmed in a call with Araghchi that closing the Strait of Hormuz or using it as a pressure card would deepen the crisis

The Qatari Foreign Ministry reported that the Prime Minister emphasized in a conversation with Iranian official Abbas Araghchi that any attempt to close the Strait of Hormuz would exacerbate regional tensions. This statement highlights the geopolitical risk associated with the Strait, a critical chokepoint for global oil supply. The potential for heightened conflict could influence risk appetite among investors, particularly in energy markets, as disruptions in this area could lead to supply shortages and price volatility. Traders will be particularly attentive to any further developments or statements from Iran regarding its maritime policies, especially in light of upcoming OPEC meetings that may address production levels and market stability.

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