IRGC threatens to close the Strait of Hormuz if talks fail. Traffic normal by July 15 at 15.5% YES.

Iran's IRGC Navy mandates designated routes and permits for foreign vessels in the Strait of Hormuz, raising concerns over oil prices and market volatility.

Iran's IRGC now requires all vessels to coordinate transit through the Strait of Hormuz, with crypto toll mechanisms reportedly under consideration.

IRGC threatens to close the Strait of Hormuz if talks fail. Traffic normal by July 15 at 15.5% YES.