The Islamic Revolutionary Guard Corps (IRGC) declared on Wednesday it would prevent “a litre of oil” from transiting the Strait of Hormuz, escalating tensions amid the ongoing conflict with the United States and Israel. The announcement, made by a spokesperson for the IRGC’s Khatam al-Anbiya Headquarters, threatens a critical artery of the global oil supply and has already triggered significant market volatility.
The declaration follows U.S. Reports that it destroyed more than a dozen Iranian mine-laying vessels on Tuesday, as Iran vowed to disrupt regional oil exports. The Strait of Hormuz, a narrow waterway between Iran and Oman, carries approximately one-fifth of the world’s oil production from Gulf states, making it a strategically vital chokepoint.
Global oil markets have experienced substantial swings in recent days, with prices surging as the conflict intensifies and the flow of crude oil through the Strait of Hormuz has been effectively halted. The IRGC spokesperson warned that any vessel linked to the U.S., Israel, or their allies would be considered a “legitimate target.” They further predicted oil prices could reach $200 per barrel, attributing price stability to regional security, which they claim is undermined by U.S. And Israeli actions.
The closure of the Strait of Hormuz has led to a buildup of ships awaiting passage, with vessels observed lining up near Ras Al-Khaimah in the United Arab Emirates. Governments are currently developing plans to reopen the waterway, recognizing its importance to the global economy, but the timing remains uncertain pending a cessation of hostilities.
Rising gasoline prices are a direct consequence of the disruption in the Strait of Hormuz, according to analysts. The conflict began on February 28th and has shown no signs of de-escalation, further exacerbating concerns about prolonged supply disruptions. The IRGC’s statement underscores Iran’s willingness to leverage its control over the Strait of Hormuz as a bargaining chip in the conflict.
The U.S. And Israel have not yet responded directly to the IRGC’s latest declaration. The situation remains fluid, with ongoing military engagements and diplomatic efforts to secure a ceasefire. As of Wednesday, March 11, 2026, the Strait of Hormuz remains effectively closed to commercial shipping.
