US EditionTankers U-Turn in Persian Gulf as Iran Closes Hormuz Again
The IRGC said the waterway returned to strict military control, and ship tracking showed minimal traffic as Brent crude fell 9.5%, traders said.
- Iran's Islamic Revolutionary Guard Corps declared Saturday that control of the Strait of Hormuz has "returned to its previous state," re-closing the waterway hours after President Donald Trump claimed it was fully open for business.
- The reversal occurred after President Trump stated the American blockade "will remain in full force" until Tehran signs a nuclear deal, ending the brief Friday opening following a Lebanon ceasefire.
- Brent crude fell roughly 9.5% and WTI slid more than 10% on Friday as markets priced in the opening, while ship tracking data confirms minimal traffic in the Persian Gulf with tankers turning back.
- President Trump played down the situation, telling reporters Iran had "got a little cute," but emphasized Washington was still in talks and would not be "blackmailed" by the restrictions.
- As uncertainty weighs on the two-week truce expiring Tuesday, Tehran is considering new peace proposals from Washington mediated by Pakistan, though no response has been issued yet.
14 Articles
14 Articles
Iran closes Strait of Hormuz again, says US violated ceasefire
Tensions in the Persian Gulf reached a new peak on Saturday when the naval arm of Iran's Islamic Revolutionary Guard Corps announced the "complete closure of the Strait of Hormuz to maritime traffic." In an official statement published by the Tasnim news agency, Iran said the move was taken in response to what it called a US violation of the ceasefire terms and Washington's failure to lift the naval blockade on Iranian ports. Iranian officials m…
Iran had announced the reopening of the Strait of Hormuz on Friday, but now, backtracking from its decision, Iran has announced that control over this important waterway has returned to its previous state.
Tankers U-Turn in Persian Gulf as Iran Closes Hormuz Again
...and it's closed. Iran's Islamic Revolutionary Guard Corps declared Saturday that control of the strait has "returned to its previous state," walking back a brief opening announced Friday and directly contradicting a claim from President Donald Trump that the world's most critical oil chokepoint was fully open for business. Tehran's joint military command said the strait is now under "strict management and control of the armed forces" and accu…
Polymarket Strait of Hormuz Odds Crash After Iran Fires on Tankers – Bitcoin News
The post Polymarket Strait of Hormuz Odds Crash After Iran Fires on Tankers – Bitcoin News appeared on BitcoinEthereumNews.com. Key Takeaways: Iran reportedly fired on at least one tanker and turned back 20+ vessels on April 18, pushing Polymarket’s April 30 normalization odds down 41% to 28%. The Strait of Hormuz May normalization market holds at 69% Yes, backed by $1.3 million in volume, after peaking near 82% on April 17. A full “Yes” resolut…
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