BREAKING: Iran has threatened to close the Strait of Hormuz in response to continued Israeli attacks.
Currently, ~20% of global oil and ~30% of global LNG passes through the Strait of Hormuz. https://x.com/KobeissiLetter/status/1935655808001302702
..the market does not think Iran will close it, because that would negatively impact their oil economy, and that of their major customers, China and India.
..so it can only be a threat, if it does come to them doing it, they could be on the brink of defeat.
