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Closure of Strait of Hormuz could be used as leverage

News Snapshot:

Iran’s Supreme Leader Ayatollah Mojtaba Khamenei says that the leverage of closing the Strait of Hormuz should be used and that Iran’s attacks on Gulf Arab neighbours will continue. His first statement since his appointment was read on state television Thursday by a news anchor.Iranian state television offered no explanation of why Khamenei, 56, did not appear on camera. Israeli intelligence assessments suggest he was wounded in the war, likely in the Feb. 28 Israeli strike that killed his father, the 86-year-old late Supreme Leader Ayatollah Ali Khamenei.The price of Brent crude oil, the international standard, spiked back over US$100…

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