{
  "id": 15689136,
  "title": "Iran’s IRGC warns blockade could extend to the Bab al-Mandeb Strait and the Suez Canal",
  "url": "https://urgent.news/2026/10/19/irans-irgc-warns-blockade-could-extend-to-the-bab-al-mandeb-strait",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-19T23:45:59.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/irans-irgc-warns-blockade-could-extend-to-the-bab-al-mandeb-strait-and-the-suez-canal-202610192345"
  },
  "original_language": "en",
  "account": "The Islamic Revolutionary Guard Corps (IRGC) of Iran has asserted on Monday that the blockade of the Strait of Hormuz might extend beyond its current scope, possibly including the Bab al-Mandeb Strait and the Suez Canal. The Iranian Foreign Minister, Abbas Araghchi, cautioned both the United States and Israel against resuming attacks on Tehran, stating they have incomplete objectives. The Iran Strait of Hormuz Management Organization added 122 vessels to its non-conformity list for breaching transit protocols in the Strait of Hormuz. As of now, West Texas Intermediate (WTI) oil prices are down 0.95% for the day, trading at $98.00. WTI is a high-quality crude oil, known for being \"light\" and \"sweet,\" and is a benchmark for the oil market. The price of WTI is influenced by factors such as global growth, OPEC decisions, US Dollar value, and weekly oil inventory reports. OPEC's production decisions can also significantly impact the WTI price. The US Dollar's strength or weakness can affect WTI's price, as oil is predominantly traded in US dollars. Recent acceleration in US inflation has raised concerns about the Federal Reserve maintaining restrictive monetary policies, which could put pressure on stocks and gold.",
  "summary": "Iran’s Islamic Revolutionary Guard Corps (IRGC) said on Monday that Tehran has not yet completely closed the Strait of Hormuz and can expand the scope of the blockade to the Bab al-Mandeb Strait and the Suez Canal, Tehran Times reported.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}