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GeopoliticsMedium•25 June 2026•

1 min read

Iran's IRGC warns ships in Strait of Hormuz, threatens action

Key Facts

1Iran's IRGC warned all ships to use only designated passage routes in the Strait of Hormuz, threatening action against unauthorized transit.

In a move escalating geopolitical risks in the Middle East, Iran's Islamic Revolutionary Guard Corps (IRGC) warned all ships to use only designated passage routes through the Strait of Hormuz, threatening action against unauthorized transit, according to reports. The IRGC described unauthorized crossing as 'unacceptable and dangerous,' aiming to reinforce control over the strategic waterway that handles about 20% of global oil supply.

The warning coincided with major oil stocks trading near their weekly highs. ExxonMobil (XOM) closed at $136.92 on June 24, Chevron (CVX) at $171.45, BP at $37.86, Shell (SHEL) at $78.81, TotalEnergies (TTE) at $80.31, ConocoPhillips (COP) at $109.97, and Saudi Aramco (2222.SR) at SAR 26.34. The Strait of Hormuz is a critical chokepoint for global crude flows, and any threat to navigation typically lifts oil prices and energy equities.

Traders are watching for diplomatic responses or naval deployments. For XOM, the June 24 high of $137.64 serves as near-term resistance, while $135.615 offers immediate support. Focus will also be on upcoming weekly US inventory data and any diplomatic moves to de-escalate the situation, as well as statements from major consuming nations.