According to CoinMeta, the U.S. Central Command: A senior commander of the Iranian Revolutionary Guards claimed today that Iran has complete control over the Strait of Hormuz through its navy. This is incorrect. Iran does not have a navy, as it has been destroyed by the U.S. military. Iran does not control the Strait of Hormuz; thousands of ships have passed freely in the past few months, along with over 1 billion barrels of oil.