BREAKING: Iran Declares Strait of Hormuz Will Remain Closed, Oil Prices Spike

Iran’s new Supreme Leader, Mojtaba Khamenei, has released his first statement since succeeding his father, declaring that the Strait of Hormuz will remain closed. This led to a spike in oil prices, with Brent Crude oil rising to an intraday high of $100 on the back of his statement. Iran To Keep Strait of Hormuz

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