Iranian officials are projecting confidence that the United States will accept Tehran's continued dominance over the Strait of Hormuz, even as diplomatic channels suggest a breakthrough is near.

The messaging from Tehran underscores the deep mistrust that persists between the two nations, complicating efforts to normalize energy flows through the critical waterway.

The contrast between the public rhetoric and the reported diplomatic progress highlights the fragile nature of the negotiations.

This posturing comes at a time when a senior Iranian official confirmed that a draft agreement with Washington includes provisions for the immediate reopening of the Strait of Hormuz and a temporary lifting of oil sanctions against Tehran.

The contrast between the public rhetoric and the reported diplomatic progress highlights the fragile nature of the negotiations.

Markets remain sensitive to any shift in the geopolitical posture of the region.

The Strait of Hormuz handles a significant portion of global oil shipments, and any perceived threat to its security continues to weigh on energy prices and shipping insurance rates.