Iran's IRGC: Will manage Strait of Hormuz proactively

Eren Sengezer FXStreet

Iran's Islamic Revolutionary Guard Corps (IRGC) stated on Wednesday that Iran will manage the Strait of Hormuz proactively and control it intelligently, while warning of a stronger response to any renewed attacks from the United States (US) or Israel, per Reuters.

Additionally, the IRGC noted that they will continue to support the resistance fronts in Lebanon, Palestine, Yemen and Iraq.

Market reaction

This headline doesn't seem to be having a noticeable impact on market sentiment. At the time of press, the US Dollar (USD) Index was down nearly 1% on the day at 98.55.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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