The Digest:
Iran's new Supreme Leader, Mojtaba Khamenei, has declared in his first address since assuming power that the Strait of Hormuz will remain closed to pressure Iran's enemies. Speaking in a recorded speech on Thursday, Khamenei reiterated Iran's stance following earlier threats by IRGC commanders that any vessel attempting to pass would be set "ablaze." The closure has already disrupted global shipping, with at least five tankers damaged, two personnel killed, and about 150 ships stranded. Crude oil prices crossed $100 per barrel on Monday, the highest since July 2022, and an Iranian military spokesperson warned prices could reach $200. Khamenei stated Iran seeks good relations with neighbouring countries but demanded all US military bases in the region be closed immediately, or they will continue to be attacked. He also pledged to avenge "the blood of our martyrs" and support those harmed in the war.
Key Points:
- New Supreme Leader confirms Strait of Hormuz remains closed.
- Earlier IRGC warning: any vessel attempting passage will be set "ablaze."
- At least five tankers were damaged, two were sunk, and 150 ships were stranded.
- Crude hit $100 (highest since 2022); Iran warns of $200 oil.
- Demands that all US bases in the region be closed or face continued attacks.
Sources: The Cable
