Iran’s IRGC warns it could block oil exports if US, Israel attacks continue

Iran’s Islamic Revolutionary Guard Corps (IRGC) said that Tehran will determine when the war ends, not the United States (US). The IRGC warned that if US and Israeli attacks continue, Iran could block regional oil exports.

Meanwhile, US President Donald Trump stated that if Iran does anything that stops flow of oil through strait of Hormuz, they will be hit by the US.

Late Monday, Trump said that he was eyeing a quick end to the war in Iran, as some of his advisers privately urged him to look for an exit plan amid spiking oil prices and concerns that a lengthy conflict could spark political backlash. He said that he thought it would be over “very soon.”

Key quotes from Iran's IRGC

We are the ones who will determine the end of the war.

Tehran would not allow export of one litre of oil from region if US, Israeli attacks continue.

Iran's guards spokesperson warns that security in the region will be for everyone or for no one.

Market reaction

At the time of writing, the West Texas Intermediate (WTI) is down 0.10% on the day at $82.72, retreating from over three-year highs of $113.28 in the previous session.