From euronews · Babak Kamiar · · 1m
Iran Controls Hormuz as Rial Hits Record Low
Iran insists control of Hormuz as rial falls to record lows and exports dry up.
In brief
Iran insists control of Hormuz as rial falls to record lows and exports dry up. Iran claims control of Strait of Hormuz while rial hits record low and oil exports drop sharply. Originally reported by euronews.
Iran claims Hormuz control
Iran's military said it retained full control over the Strait of Hormuz despite US tactical changes.
“All movements (in Hormuz) are under the control of the armed forces of the Islamic Republic”
Oil minister resigns
Oil minister Mohsen Paknejad resigned after claiming revenue from oil sold would be collected.
“His departure was officially attributed to family and personal matters”
US claims no Iranian exports
US Treasury Secretary Scott Bessent said Iran did not load crude oil onto tankers in September.
“Iran did not load any crude oil onto tankers in September”
Export data shows decline
Kpler recorded crude exports from the region at 19.5 to 22.5 million barrels per day in September.
“Kpler recorded crude exports from the region excluding Iran at between 19.5 and 22.5 million barrels per day”
Currency hits record low
The euro broke through 300,000 tomans while the dollar hit 270,000 tomans on Iran's informal market.
“The euro broke through 300,000 tomans on Iran's informal market”
Iran warns of military response
Iran's military warned that any Israeli miscalculation could trigger war with shattering consequences.
“If for any reason Israel once again commits a miscalculation and starts another war, the fury of the armed forces will shatter its hopes and dreams”
At a glance
Iran claims control of Strait of Hormuz while rial hits record low and oil exports drop sharply.
