The odds of US oil prices surging above $100 a barrel this month have jumped to 44% following Iran's renewed closure of the Strait of Hormuz.
The incoming message provides the direct text of Iran's radio broadcast to ships, confirming the earlier Reuters report.
The incoming message provides the direct text of the VHF broadcast being sent to ships, confirming the closure is being actively communicated to maritime traffic.
IRGC statement specifies the strait closure is tied to the US blockade on Iranian ports, and two IRGC fast boats opened fire on the tanker Sanmar within hours of the closure announcement.
The closure announcement was delivered via a direct VHF radio broadcast to ships from the Iranian Navy.
Iranian Deputy Foreign Minister Saeed Khatibzadeh criticized President Trump's contradictory statements, and Iranian forces have fired on ships following the renewed closure.
Financial markets are now pricing in a 44% chance that US oil prices will surge above $100 per barrel this month as a direct result of the closure.