🚨 Iran’s New Supreme Leader: “Hormuz Must Stay Closed”

The 1st clear strategic signal from Tehran just arrived.

And it is not de escalation...

⚠️ Iran’s new supreme leader Mojtaba Khamenei said the Strait of Hormuz should remain closed and described the blockade itself as a strategic lever against the United States and its allies.

Key points from the statement broadcast on Iranian state TV:

• The closure of Hormuz should continue as leverage against Washington
• Attacks on regional targets and shipping will continue as long as the war lasts
• The US military presence in the Middle East must end
• US bases in the region could become direct targets

🛢 Why This Matters For Oil Markets?

This is the 1st public message from Iran’s new leadership.

And it sets a clear baseline.

The Strait of Hormuz is not being framed as a temporary disruption or negotiating chip.

It is being framed as long term geopolitical leverage.

That dramatically reduces the probability of a quick reopening of the world’s most important oil chokepoint.

#oott #Iran

Asia's refineries are built for Gulf crude

That's exactly what's disappearing from Hormuz right now

You can't just swap in US Light Sweet.

It doesn't run the same way.

Why there's no easy substitute:

→ #Russia: Already maxed out, can't scale further

→ US Light Sweet: Wrong grade for Asian refineries

→ #Venezuela Heavy: Extra-heavy, rarely goes to Asia

→ #Canada Heavy: 96% to US, not exported to Asia

The reality is that Asia doesn't just need oil.

Asia needs Medium and Heavy Sour crude from the Gulf.

And right now:

→ The Strait is 80% closed
→ Refineries are burning
→ Producers are declaring force majeure
→ Tankers won't enter the Gulf

You can't replace it barrel for barrel because refineries are built for specific grades.

When those grades disappear, the system breaks.

#oott

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