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Iran's National Defense Council Latest Statement! Involving the Strait of Hormuz! UK Suddenly in Crisis!
There is more news coming from the Strait of Hormuz!
After the A-shares market closed, Iran’s Defense Council issued a new statement saying that non-belligerent countries can only pass through the Strait of Hormuz with Iran’s coordination. If Iran’s coast or islands are attacked, Iran will cut off the Gulf shipping routes and communication lines, and will deploy explosive mines at sea, including laying mines from the Iranian coast.
Meanwhile, with oil prices soaring, global capital markets are in turmoil. The war in the Middle East has led to rising energy prices and yields. UK government bonds are facing their worst month since the crisis that led to former Prime Minister Truss’s resignation. At that time, UK pensions were on the brink of collapse.
So, how will oil prices develop? Has the market fully reflected the Middle East conflict?
Iran’s Defense Council Speaks Out
Today at around 3:50 PM, Iran’s Defense Council issued a statement saying that non-belligerent countries can only pass through the Strait of Hormuz with Iran’s coordination. Iran is committed to “reciprocal retaliation” and will also respond “immediately and destructively” to attacks on power plants and energy infrastructure. If Iran’s coast or islands are attacked, Iran will cut off the Gulf shipping routes and communication lines, and will deploy explosive mines at sea, including laying mines from the Iranian coast.
On the evening of March 21, U.S. President Trump posted on social media, issuing a “48-hour”