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Iran warns ships it's 'unacceptable and dangerous' to transit the Strait of Hormuz without their approval

From cnbc.com

Iran’s Islamic Revolutionary Guard Corps warned shipowners on Wednesday that any new transit route through the Strait of Hormuz established without coordination with Tehran is “unacceptable and dangerous,” threatening actions against vessels that ignore its instructions. The stern warning underscores Tehran’s resolve to retain control over the Strait of Hormuz and to resist transits that bypass its authorization. It also highlights the lingering uncertainty facing shipowners navigating the Strait even after the U.S. and Iran signed a memorandum of understanding last week to reopen the strategically vital energy ... (full story)

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  • Category: Fundamental Analysis