‘Not allow a single drop of oil to leave’: Iran threatens to choke Gulf oil flow, warns prices could hit $200 a barrel
A senior figure within Iran’s Islamic Revolutionary Guard Corps has declared the Strait of Hormuz closed and threatened to ignite any vessel attempting passage, dramatically escalating fears of a global energy shock amid intensifying hostilities in the Middle East. The warning, issued as oil and gas markets convulsed, signals Tehran’s willingness to weaponise one of…