Iran says its not going close Strait of Hormuz


Iran’s UN envoy, comments reported via Reuters:

  • We are not going to close Strait of Hormuz but it is our right to preserve ‘peace and security’ in the waterway

Oil implications (should be a headwind, a welcome one!). The Strait is almost as good as closed now anyway given the war risks.

This article was written by Eamonn Sheridan at investinglive.com.

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