A post by @DeItaone on X.
IRAN REFUSES TO REOPEN STRAIT OF HORMUZ
@DeItaone on X
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Iran has refused to reopen the Strait of Hormuz, stating the waterway will stay closed until seven conditions are met and ruling out negotiations over the decision. The closure, reported via @DeItaone citing Al Mayadeen, comes as ending the Iran war is said to be the main focus of talks between Rezaei and Putin. The strait is a critical conduit for global crude shipments, so its continued shutdown keeps supply-risk premium elevated for oil markets. Traders will watch whether the seven conditions are clarified and whether the Rezaei-Putin talks yield a framework that could eventually restore transit.
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Named in this story
Iran, Strait of Hormuz, Putin, Rezaei, Al Mayadeen