Story
Iran's Revolutionary Guards Dispute US Claims on Nuclear Program and Hormuz Blockade

Summary
An IRGC spokesperson accused the U.S. of misrepresenting its nuclear ambitions and the effectiveness of its energy blockade, a claim that contrasts with data showing a partial recovery in oil shipments through the Strait of Hormuz.
A spokesperson for Iran's Islamic Revolutionary Guard Corps (IRGC) on Tuesday publicly contested U.S. assertions regarding Iran's nuclear program and the security of energy shipments through the Strait of Hormuz, according to a report from Reuters.
Conflicting Narratives
The spokesperson, identified as Hossein Mohebbi, stated that the U.S. is aware that Iran is not pursuing nuclear weapons. "Their issue with Iran is not its nuclear programme but rather its vastness, which they want to destroy," Mohebbi claimed.
Mohebbi also challenged the U.S. military's reported success in securing passage for oil tankers through the critical waterway. He characterized U.S. efforts as managing to "sneak a small vessel through the Strait of Hormuz under cover of darkness," arguing this does not mean the strait is open for normal transit.
Market Implications and Shipping Data
AdThe IRGC's statements on the blockade appear to conflict with recent market data. According to analytics firm Kpler, oil exports via the Strait of Hormuz have shown a recovery in September.
- Shipments are on track to reach almost 10 million barrels per day this month.
- This volume represents approximately half of the pre-conflict levels.
The Strait of Hormuz is a critical chokepoint for global energy markets. Conflicting reports and heightened geopolitical rhetoric can create uncertainty and potential volatility for crude oil prices, as a significant portion of the world's seaborne oil transits through the narrow passage.
Read next
More on Commodities
Canadian Alcohol Producers Face US Ban, Domestic Trade Hurdles
A new U.S. ban on many Canadian alcohol imports is forcing producers to look homeward, but they face significant obstacles from a complex web of inter-provincial trade regulations that limit domestic market access.

Anthropic's $2T IPO Plan Reveals Massive AI Spending as Bond Yields Hit 20-Year Highs
AI startup Anthropic is targeting a $2 trillion valuation while warning of 'existential risks,' as the sector's immense spending plans contribute to economic growth fears that are pushing U.S. Treasury yields to multi-decade peaks.

European Chip Stocks Rally on Anthropic's Reported AI Spending Plans
Shares of European semiconductor firms, including X-Fab and Infineon, gained on Tuesday after reports on AI startup Anthropic's IPO prospectus revealed significant future spending on cloud computing and infrastructure.

Trump Denies Sanctions Relief Offer to Iran as Oil Prices Climb on Supply Fears
U.S. President Donald Trump has refuted reports of offering sanctions relief to Iran, creating uncertainty around diplomatic efforts to end a seven-month conflict that continues to elevate geopolitical risk and push crude oil prices higher.