Iran Claims Strait of Hormuz Closed, "Not a Single Drop of Oil Will Flow Out"

Odaily News: On Monday, Ebrahim Jabari, an advisor to the commander of Iran's Revolutionary Guards, stated that the Strait of Hormuz is closed, and Iran will fire upon any vessel attempting to pass through, and will attack oil pipelines and transportation lines. This is the clearest warning from Iran since it informed ships on Saturday that it would close this exit channel. This move could block one-fifth of global oil shipments and drive a significant surge in crude oil prices. Speaking on state media, Jabari said: "The Strait of Hormuz is closed. If anyone tries to pass, the heroes of the Revolutionary Guards and the regular navy will set those ships ablaze. We will absolutely not allow a single drop of oil to flow out of this region... Oil prices could rise to $200 in the coming days."