Not ‘a litre of oil’ to pass Strait of Hormuz, expect $200 price tag: Iran

Warning comes as 400 million barrels of oil are being released from global reserves during waterway’s closure.

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Iran’s Islamic Revolutionary Guard Corps (IRGC) says it will not allow “a litre of oil” through the Strait of Hormuz as the closure of the key Gulf waterway continues to roil global energy markets during the US-Israeli war on Iran.

A spokesperson for the IRGC’s Khatam al-Anbiya Headquarters said on Wednesday that any vessel linked to the United States and Israel or their allies “will be considered a legitimate target”.