Iran Resolves to Control Strait of Hormuz Passage Until War Ends

Key Point

Iran's Supreme National Security Council resolved to control passage through the Strait of Hormuz until the war is completely over and lasting peace is established in the region. Iranian media reported the decision on April 18. The Secretariat of Iran's Supreme National Security Council was identified as the body behind the resolution.

Market Sentiment

Cautiously Bearish, Risk-off, Macro-driven, Fear.

Reason: Iran resolved to control passage through the Strait of Hormuz, which may raise concern about energy flows and broader risk appetite.

Similar Past Cases

This type of chokepoint threat typically leads markets to price higher energy risk and lower tolerance for volatile assets. This case could diverge if the measure remains symbolic and commercial transit continues without visible disruption.

Ripple Effect

Tighter control over a major shipping route could raise oil and freight risk, and that channel could pressure crypto through broader risk-off positioning. If transit disruption becomes visible, spillover could widen beyond energy markets; if passage remains operational, the impact may stay contained.

Opportunities & Risks

Opportunities: The main thing to watch is whether passage through the Strait of Hormuz remains operational. Continued normal transit would suggest the shock is contained and no near-term market action is warranted.

Risks: The main risk is any follow-up move that turns control into a visible shipping disruption. If delays or restrictions emerge, broader risk sentiment could weaken quickly.