Iran Denies Reopening Hormuz-25% of Oil Trade Is the Stake

Iran's Hormuz Closure Announcement Still Matters

Iran said the Strait of Hormuz has been completely closed to all oil tankers and commercial ships, with warnings that vessels attempting to pass could be shot at. That matters because the strait is a major global energy route, and reported deal terms circulating in Iranian media reportedly included a commitment to reopen the Strait of Hormuz within 30 days.

As global stocks surged on Friday on hopes a peace deal would be reached, the market got a relief move, not proof that the chokepoint had been cleared. If passage remains restricted in practice, that relief can fade quickly.

Conflicting signals keep the risk alive

Trump also rejected Iran's circulating draft terms, saying they were not agreed to in writing and did not reflect the truth. That weakens a simple "deal imminent" narrative, but it does not remove Hormuz as a live risk. Instead, it leaves a more uncertain setup: negotiations may be advancing on paper, while the strait still functions as Iran's main leverage on the ground.