Iran's Warning: Strait of Hormuz Could Re-Close Amid U.S. Blockade

Iran has declared the Strait of Hormuz open for commercial traffic but warns it could close again if the U.S. blockade continues. This crucial waterway, vital for global energy trade, is currently open during a ten-day ceasefire between Israel and Lebanon. Iranian Foreign Minister Abbas Araqchi made the announcement on social media, but uncertainty hangs over shipping as some vessels attempt to cross unsuccessfully. U.S. President Donald Trump insists the blockade will remain until a complete agreement with Iran is reached. In response, Iran's parliament speaker, Mohammad Baqer Qalibaf, stated that the strait "will not remain open" if the blockade persists. He also criticized Trump for making false claims about peace talks. Military vessels from the U.S. and Israel are still barred from passing through. Interestingly, a group of about 20 ships attempted to navigate the strait, marking the largest movement since the conflict began, though many turned back. This situation impacts global oil prices and stock markets, highlighting how geopolitical tensions can ripple through the economy.