Iran's military announced on Saturday that it has resumed strict control over the Strait of Hormuz, a critical chokepoint for global oil and gas shipments, in response to what it calls US acts of 'piracy' and 'sea robbery' in blocking Iranian ports. The move comes amid heightened tensions between Tehran and Washington, with Iran accusing the US of restricting the free movement of vessels to and from its territory.
Strategic Waterway Under Scrutiny
The Strait of Hormuz, linking the Persian Gulf to the Gulf of Oman, is a vital artery for global energy trade, with approximately 20% of the world's oil supply passing through it. Iran's military spokesman stated that until the US lifts its blockade, the strait 'will remain tightly controlled and unchanged from its previous status.'
'Control over the Strait of Hormuz has been returned to its previous state, and this strategic waterway is under strict management and control by the Armed Forces,' Iran's military spokesman declared.
Ceasefire Demands and Market Reactions
The reopening of the strait has been a central demand since the start of a fragile ceasefire earlier this month. On Friday, Iran announced the strait was open for maritime traffic, prompting a brief spike in stock prices and a drop in oil prices. However, ship-tracking data later revealed that a large group of vessels approaching the strait inexplicably turned away, raising questions about the true status of the waterway.
As negotiations between Washington and Tehran continue, the situation in the Strait of Hormuz remains volatile, with potential implications for global energy markets and American economic interests.