Analyst: Iran Will Not Close the Strait of Hormuz

BlockBeats News, June 24th, Mizuho analyst Robert Yawger stated that the oil market believes Iran's recent attack demonstrates its ineffectiveness and that it has not reduced any oil from the market.

「I don't think Iran will close the Strait of Hormuz. In any case, this would be cutting off their nose to spite their face. If they close the strait, it will prevent them from exporting to their major customers.」 (FXStreet)