BREAKING: IRAN THREATENS THE US WITH "COMPLETE AND ABSOLUTE CLOSURE OF THE STRAIT OF HORMUZ," FOLLOWING TONIGHT’S US ATTACKS WARNING IT WILL NOW BE "FULLY RESPONSIBLE FOR THE CONSEQUENCES" ON OIL AND

BREAKING: IRAN THREATENS THE US WITH "COMPLETE AND ABSOLUTE CLOSURE OF THE STRAIT OF HORMUZ," FOLLOWING TONIGHT’S US ATTACKS WARNING IT WILL NOW BE "FULLY RESPONSIBLE FOR THE CONSEQUENCES" ON OIL AND GAS EXPORTS, PER FARS. WITH THIS CLOSURE AND GLOBAL OIL INVENTORIES NOW WEEKS AWAY FROM HITTING HISTORIC LOWS AFTER IEA NATIONS DREW DOWN STRATEGIC RESERVES FASTER THAN AT ANY POINT IN HISTORY, $200+ OIL IS IMMINENT. — VIA @HORMUZLETTER

Strait of Hormuz closure threat directly impacts 20% of global oil supply, with inventories critically low.