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Mohsen Rezaei stated that Iran controls the Strait of Hormuz and will not allow a maritime blockade to continue. Oil prices rose 8 percent on the day of the statements.
FortuneMohsen Rezaei, senior advisor to Iran's Supreme Leader, stated that "The Strait of Hormuz is under Iran's management" and "we will not allow the continuation of the maritime blockade." The statements were posted publicly on X.
Rezaei added that escalation of tensions in Lebanon will not be tolerated and that the patience of Iran's armed forces has its limits, according to the posts reported by multiple monitors including @DeItaone, @financialjuice, @LiveSquawk, @MarioNawfal and @zerohedge.
The remarks were made as ship traffic through the strait has picked up amid regional fighting that includes airstrikes, missile attacks and drones. The U.S. military is quietly guiding ships through the Strait of Hormuz, according to reporting on current operations in the waterway that has seen traffic split into U.S. and Iranian lanes.
benzinga.comTreasury officials froze a $130 million cryptocurrency account tied to Iran's IRGC. Officials also urged Congress to pass the Crypto Clarity Act, which is now close to final approval.
yna.co.krThe S&P 500 gained 0.9 percent, the Dow Jones Industrial Average added 361 points, and the Nasdaq composite climbed 1.4 percent on Tuesday. Technology shares led the advance while Brent crude reached its highest level in more than five weeks.
realitytea.comThe Kennedy Center asked Whitney Cummings to remove a joke about President Donald Trump from the Netflix broadcast of the June 28 Mark Twain Prize ceremony. The comedian discussed the request on her podcast and clarified that Netflix made no edits.