Iran has renewed its claim to unilateral authority over shipping in the Strait of Hormuz, warning Gulf neighbors against aligning with the United States.
The statement, issued on Friday, follows a recent attack on a vessel in the region and signals Tehran's intent to maintain leverage over global energy flows despite ongoing diplomatic efforts.
Markets had briefly eased earlier in the session, with Brent crude sliding 3% as a tanker exodus from the Strait temporarily eased supply fears.
The move comes as Iran evaluates a new U.S. peace proposal mediated through Pakistan, according to state media reports.
While the diplomatic channel remains open, Tehran's hardline stance on maritime control suggests that any resolution will be contingent on significant concessions regarding regional security and navigation rights.
Markets had briefly eased earlier in the session, with Brent crude sliding 3% as a tanker exodus from the Strait temporarily eased supply fears.
However, Iran's latest rhetoric reintroduces uncertainty into the risk calculus for traders and insurers, potentially reversing the short-term relief in energy prices.