Iran's Parliament Speaker Says Hormuz Stays Closed Until Conditions Met

Iranian parliament speaker Mohammad Bagher Ghalibaf said Iran will not reopen the Strait of Hormuz until its conditions are met and prior US commitments are implemented, according to Iran's semi-official Fars news agency.

Why this matters. The statement signals Tehran is holding firm on Hormuz access as a negotiating lever, prolonging the shipping and insurance-cost pressure on tankers and keeping the Hormuz bypass routes (like Saudi's East-West pipeline) as the primary flow path for regional crude exports.