The Iran Islamic Revolutionary Guard Corps (IRGC) has warned that prevailing intervention by the United States on the Strait of Hormuz could trigger higher crude prices than they were before the ceasefire deal.
The group said on Monday that continued US interference in the chokepoint “could lead to greater incidents in the global oil and gas sector.”
Fresh tension rose in the Middle East last Tuesday after Iranian attacks on commercial vessels in the Strait, a conduit for a fifth of the world’s crude and natural gas, and continued to escalate during the weekend after the US retaliated with multiple strikes targeting 80 Iranian sites.
Invariably, Iran ordered the Strait closed again, shutting off every ounce of hope by maritime operatives of yet another ceasefire agreement.
In a notice carried by Reuters, the Revolutionary Guards said that an end to the US military interventions in the Strait was the only way in which the IRGC would restore regular shipping traffic.
