Tiger Newspress04-10 15:25
A senior Iranian lawmaker said a parliamentary proposal would permanently bar oil tankers linked to the United States and Israel from passing through the Strait of Hormuz.
Ebrahim Azizi, head of parliament’s National Security Committee, said vessels tied to Israel or traveling to or from it would also be banned, adding the restriction would extend to countries acting against the “resistance front.”
WTI crude rises 1.72% to $99.55 a barrel on the news.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.