The US Navy was cautioned on Monday by the Iranian military's Unified Command not to approach or enter the Strait of Hormuz. It went on to say that it will "react brutally" to any danger in Iran, regardless of the level or location.
Important quotes
Aggressive US steps will simply "complicate current circumstances" and jeopardize Gulf shipping security.
The Iranian military stationed in the Strait of Hormuz must be consulted before any commercial ships or oil tankers move.
will "react forcefully" to any threat in Iran, regardless of its rank or location.
Reaction of the market
The West Texas Intermediate (WTI) is currently trading at $97.80, down 1.76% for the day.
Important quotes
Aggressive US steps will simply "complicate current circumstances" and jeopardize Gulf shipping security.
The Iranian military stationed in the Strait of Hormuz must be consulted before any commercial ships or oil tankers move.
will "react forcefully" to any threat in Iran, regardless of its rank or location.
Reaction of the market
The West Texas Intermediate (WTI) is currently trading at $97.80, down 1.76% for the day.
