Iran warns blockade attempts will escalate conflict in Strait of Hormuz

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U.S. Central Command (CENTCOM) issued a statement through the IRNA news agency, warning that any attempts to blockade Iranian ports would lead to an escalation of the ongoing conflict. This warning comes amid heightened naval tensions in the Strait of Hormuz, a critical chokepoint for global energy supplies. Markets reflect growing skepticism: the probability that the U.S. will announce an end to the blockade by July 31, 2026, is priced at only 11.5%, compared to 56% for a lifting by August 31, 2026. Observers are closely monitoring official statements from both sides for any shifts in policy or rhetoric.

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