The Iranian Islamic Revolutionary Guards Corps (IRGC) declared that no oil or gas shipments will pass through the Strait of Hormuz as long as US attacks persist, according to Tasnim news agency's report on Friday.
This announcement signals a significant escalation in geopolitical tensions between Iran and the United States, potentially impacting global energy supply routes that are critical for international markets.
For Japanese investors, disruptions in the Strait of Hormuz could lead to increased volatility in energy prices, affecting both FX and equities sectors sensitive to oil market fluctuations.