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Iran said on August 11 that the Strait of Hormuz would stay closed until the United States unfreezes Iranian assets and fighting in Lebanon ends, according to reports.
Iran said on August 11 that the Strait of Hormuz would stay closed until the United States unfreezes Iranian assets and fighting in Lebanon ends, according to reports.
The statement linked the strait to two of Tehran's long-standing demands and came days after reports of an interim deal to reopen it.
It was not clear from the report whether the interim pact had collapsed or whether the statement was a negotiating position.
Oil and shipping markets watch this issue closely. Tanker traffic data and official maritime advisories will show whether the strait is open in practice, whatever the public statements say.
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