Iranian officials stated that the Strait of Hormuz will remain closed, and that US warships have withdrawn from the Gulf.
Senior commander of Iran's Islamic Revolutionary Guard Corps (IRGC), Ali Fadavi, stated on Sunday evening that the current oil flow through the Strait of Hormuz is "insignificant." He added that there are no US warships present in the Persian Gulf, the Strait of Hormuz, the Gulf of Oman, or even the northern Indian Ocean, and that US warships are "100% vulnerable" to IRGC attacks. On the same day, Iran's chief negotiator and Speaker of Parliament, Mohammad Bagher Ghalibaf, said that the Strait of Hormuz would remain closed until the United States accepts Tehran's seven-day plan for reopening the waterway. Nevertheless, preliminary data from vessel tracking company Kpler shows that Middle Eastern oil exports exceeded pre-war levels on four of the seven days in the last week of September, reaching 19.5 million to 22.5 million barrels per day.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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