Iran has signaled that a recent agreement with Oman regarding the Strait of Hormuz will not lead to an immediate restoration of maritime traffic.
Iranian Foreign Ministry Spokesman Esmaeil Baghaei stated that the waterway remains closed due to what Tehran describes as ongoing US and Israeli aggression, rather than any bilateral dispute with the Sultanate.
The comment underscores Tehran’s position that regional diplomacy alone is insufficient to resolve the transit blockade without addressing its wider geopolitical grievances.
The Strait of Hormuz remains a critical chokepoint for global energy flows, handling roughly a fifth of the world’s oil consumption.
Persistent uncertainty over its status continues to weigh on shipping risk premiums and energy market sentiment.
Traders are monitoring the situation for any signs of escalation or de-escalation that could impact tanker routes and freight rates.