The Strait of Hormuz Risks To Oil Prices

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[b]Iran is in full control of the Persian Gulf and the Strait of Hormuz top Iranian Navy commander says
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“The naval forces of the Army are prepared to defend the waters with their intelligence dominance and monitoring of the enemy’s physical presence,” Gen. Alireza Tangsiri, chief of the Islamic Revolutionary Guard Corps, said Monday.

“We have a message to our Muslim neighbors: We have repeatedly stated that we are extending our hand of brotherhood to you and believe that the Persian Gulf is our home for which we can provide security. There is no need for foreigners such as the United States and the countries whose home is not here.”

Source: Reuters