Any Arab or European country that expels Israeli and American ambassadors from its territory will receive unrestricted passage through the Strait of Hormuz. The Islamic Revolutionary Guard Corps (IRGC) made such a statement on Monday, March 9, CCN reports.

The IRGC said these countries would have the "full right and freedom" to transit by strategic waterway if they severed diplomatic relations with both Israel and the United States.

"Almost a fifth of the world's oil supplies pass through this narrow, 21-mile-wide waterway, which is now a critically important and high-risk bottleneck for global markets," the article says.

The publication adds that the war between the United States and Israel with Iran has led to an increase in oil prices for two main reasons: the almost complete closure of the Strait of Hormuz and the slowdown in oil production in the Middle East.

Earlier, Iran warned that it would "burn" all foreign vessels that attempt to pass through the Strait of Hormuz.

Later, Tehran said it had not taken any measures to close the Strait of Hormuz at the moment, but it could do so in the future. korrespondent.net.