Iran's Tasnim news agency is reporting that the Strait of Hormuz will remain closed to oil shipments. This closure will persist until a ceasefire in Lebanon is firmly established and oil waivers are officially issued, indicating a significant geopolitical condition tied to regional stability and energy flow.

The reopening of the Strait of Hormuz marks a major step forward for the U.S.-Iran agreement, but shipping companies, insurers, and oil markets remain cautious as unresolved…

Iran re-shut the Strait of Hormuz Friday, citing US regional military presence and Israel's actions in Lebanon, despite a recent memorandum signed by both nations' leaders.