Iran’s Foreign Ministry spokesman Nasser Baghaei declared that the Strait of Hormuz will remain under Iran’s full control. This statement reinforces Iran’s authority over this strategic waterway, which is critical for global oil and gas exports. The declaration comes amid heightened tensions between Iran and the United States, with Iran linking passage rights to broader negotiations. Market pricing suggests decreased expectations for a US-Iran agreement to restore normal traffic by the September 15 deadline.
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