Iran has reversed its decision to reopen the Strait of Hormuz, insisting it will block transit until the US lifts its blockade of Iranian ports. The move comes after President Donald Trump reaffirmed the blockade’s continuation. With one-fifth of global oil passing through the strait, the closure threatens to drive prices higher.
The US announced a blockade of Iranian ports after failed talks, escalating tensions while avoiding a full Strait of Hormuz shutdown. Iran threatened retaliation as oil prices surged and global shipping slowed, raising fears of wider conflict and prolonged instability
