IRGC Navy Rejects US Claims of Strait of Hormuz Control as Oil Price Manipulation
The IRGC Navy rejects White House claims of U.S. control over the Strait of Hormuz as lies to manipulate oil prices, asserting that Iran maintains decisive control over the waterway and will keep it closed to uncoordinated transit.
Why this matters. Maintains elevated shipping insurance premiums in the Persian Gulf and directly blocks international maritime efforts to restore regular commercial passage.