Iran’s Ghalibaf asserts control over Strait of Hormuz amid US tensions

Iranian Parliament Speaker Ghalibaf reaffirmed Iran’s control over the Strait of Hormuz amid heightened US-Iran tensions following recent US-Israeli airstrikes and the assassination of Supreme Leader Khamenei. This has led to a dual blockade impacting a vital oil and LNG corridor, increasing the risk of WTI crude oil price increases. Observers should monitor US military strategy and diplomatic negotiations.