BlockBeats News, July 13th, according to Iranian TV, Iran has stated that the Strait of Hormuz remains closed due to the US military's violation of the memorandum of understanding. The closure of the Strait of Hormuz is aimed at asserting Iran's sovereignty over the strait based on the Islamic Republic of Iran's memorandum of understanding.

Currently, international crude oil prices are on the rise, with both WTI and Brent crude up over 3.3%.