Iran States Hormuz Strait Remains Closed, Both WTI and Brent Crude Oil Prices Rise Over 3.3%
BlockBeats News, July 13, according to Iranian television, Iran stated that the Strait of Hormuz remains closed due to violations of the memorandum of understanding by the US military. The purpose of closing the Strait of Hormuz is to affirm Iran's sovereignty over the strait in accordance with the Islamabad memorandum of understanding.
Currently, international crude oil prices are rising, with both WTI and Brent oil up over 3.3%.
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