Iran's IRGC threatened to halt all Gulf oil exports, closed the Strait of Hormuz, and drove Brent Crude above $120 per barrel in a major geopolitical

Iran closes the Strait of Hormuz, disrupting global oil supply. Traffic returning to normal by August 31 at 16.5% YES.

Iran's Revolutionary Guard warned that continued U.S. military activity in the Strait of Hormuz could trigger broader disruptions to global oil and gas markets as renewed fighting…