IRGC Navy Commander Reiterates Strait of Hormuz Closure, Says Full Control Maintained
On the evening of the 13th local time, Islamic Revolutionary Guard Corps Navy Commander Ali Azmaei said the Strait of Hormuz is currently closed. Iran maintains 'comprehensive and resolute control' over relevant movements within the strait, and no activity will escape the surveillance of the IRGC Navy.
Why this event matters
The event has a measured impact on 3 industrys. The strongest current signal is positive for Oil & Gas Exploration, with intensity 90/100 and 85% confidence over a short term horizon.
Energy · 1.2
Oil & Gas Exploration
- Direction
- positive
- Intensity
- 90
- Confidence
- 85%
- Horizon
- Short term
Shipping & Ports
- Direction
- negative
- Intensity
- 85
- Confidence
- 90%
- Horizon
- Immediate
Refining & Petrochemicals
- Direction
- mixed
- Intensity
- 75
- Confidence
- 80%
- Horizon
- Short term
Impact figures are analytical estimates that combine direction, intensity, confidence and event importance. They are not investment advice.