EnergyJul 24, 2026
IRAN — IRAN'S IRGC DECLARES STRAIT OF HORMUZ CLOSED; OIL TANKER REPORTEDLY HIT BY MINE
BearishEnergy
Iran's Islamic Revolutionary Guard Corps (IRGC) announced it has completely closed the Strait of Hormuz to all uncoordinated oil tanker traffic. The IRGC stated one of three tankers attempting to cross a mined path exploded and caught fire, forcing the others to retreat. This action dramatically escalates regional tensions and threatens a critical chokepoint for global oil supplies.
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