Iran has vowed to prevent its adversaries from reopening the Strait of Hormuz, a critical maritime chokepoint, according to the head of Iran’s parliament’s National Security and Foreign Policy Commission. This announcement comes amid ongoing tensions in the region, where Iran’s armed forces are reportedly conducting nightly operations to maintain control over the waterway. The Strait of Hormuz has been a focal point of the Iran-United States confrontation, which intensified earlier this year following military actions by the U.S. and Israel. Market pricing reflects a reduced probability of just 0.8% that an agreement will be reached by the August 31 deadline.
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