Iran's Revolutionary Guards say 'waiting' for US forces to escort ships through Hormuz Strait

Iran's Revolutionary Guards Corps (IRGC) have announced that they have "complete control" over the Strait of Hormuz, a vital shipping route for oil and gas. This statement was made by Mohammad Akbarzadeh, a navy official within the IRGC, who indicated that any vessel attempting to navigate through the strait risks being attacked. The Strait of Hormuz is significant as it accounts for a fifth of the world’s crude oil and liquefied natural gas (LNG) supplies. The IRGC's declaration of control comes amid a notable decrease in maritime traffic through the strait. According to Kpler, a maritime data provider, traffic through the waterway was reported to be down by 90% as of March 4. This decline in shipping activity raises concerns about the security and stability of one of the world's most critical maritime chokepoints. The IRGC's warning emphasizes the heightened tensions in the region and the potential risks to international shipping. The statement reflects Iran's ongoing military posture in the area, asserting its dominance over a route that is crucial for global energy supplies. The situation continues to evolve, with the IRGC's control potentially impacting global oil and gas markets.