Iran commander says Strait of Hormuz closed, vows to hit ships trying to pass, report says
CNBC Television·2026-03-02 21:45
So oil is spiking right now after the revolutionary guards commander did say reportedly that the straight of Hormuz is closed and that they will set fire to any ship trying to pass. That is according to Reuters. Now of course they can't just close the straight.There is no gate or anything like that. But they can make it essentially impassible for ships through things like mines. We've already seen traffic in the straight come to a near standstill.But they are now reportedly saying that this straight is clos ...