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Iran insists it controls Hormuz as rial hits record low and exports dry up
Euronews.com • • nation
Key Points:
- Iran's military asserts full control over the Strait of Hormuz despite shifts in US tactics, emphasizing continued dominance in the strategic waterway.
- Oil Minister Mohsen Paknejad resigned amid a collapse in oil exports, with US officials claiming Iran did not export any crude oil in September due to sanctions.
- The Iranian rial plummeted to record lows against the US dollar and euro, reflecting severe economic strain, while regional crude exports excluding Iran have increased.
- Iranian military leaders issued strong warnings against Israel amid heightened tensions, cautioning that any new conflict would have widespread consequences.
- Iranian officials stress that the conflict has no military solution and call for negotiations based on justice and fairness, with Iran setting clear conditions for reopening the Strait of Hormuz.
