Iran's IRGC Navy Says Strait of Hormuz Is Blocked and Under Smart Control
On September 14 local time, the Islamic Revolutionary Guard Corps Navy said in a statement that the supertanker Algaya struck a mine and then exploded while attempting to cross a prohibited navigation zone south of the Strait of Hormuz.
The statement said that as firefighting operations did not succeed, the vessel became engulfed in fire. It emphasized that warnings had previously been issued about the danger of this illegal route.
The IRGC Navy also announced that the Strait of Hormuz has been blocked and continues to be under Iranian smart control.
Why this event matters
The event has a measured impact on 6 industrys. The strongest current signal is positive for Oil & Gas Exploration, with intensity 85/100 and 80% confidence over a immediate horizon.
Oil & Gas Exploration
- Direction
- positive
- Intensity
- 85
- Confidence
- 80%
- Horizon
- Immediate
Shipping & Ports
- Direction
- mixed
- Intensity
- 75
- Confidence
- 70%
- Horizon
- Immediate
Refining & Petrochemicals
- Direction
- mixed
- Intensity
- 65
- Confidence
- 60%
- Horizon
- Short term
Air Transport
- Direction
- negative
- Intensity
- 60
- Confidence
- 65%
- Horizon
- Short term
Basic Chemicals
- Direction
- negative
- Intensity
- 60
- Confidence
- 60%
- Horizon
- Short term
Fuel & Gas Distribution
- Direction
- mixed
- Intensity
- 55
- Confidence
- 55%
- Horizon
- Short term
Impact figures are analytical estimates that combine direction, intensity, confidence and event importance. They are not investment advice.