Iran’s chief negotiator threatened to reclose the Strait of Hormuz if the blockade continues, demanding oversight and a designated route for tankers.
Iran Issues Strait of Hormuz Warning
Iran’s chief negotiator stated that the Strait of Hormuz would not remain open if the blockade persists, requiring Iranian authority approval and a designated route for vessel transit.
Earlier, Iran announced the opening of the Strait of Hormuz to all commercial vessels during the truce with the US and Israel, a move confirmed by US President Donald Trump, who also vowed to maintain the blockade of Iranian ports until a final agreement is reached.
Tanker Traffic and Remaining Restrictions
Reuters reported tanker traffic passing through the Strait of Hormuz, but Kpler assessed the waterway as “practically closed” due to fears of mines. The Wall Street Journal indicated Iran intends to continue limiting ship numbers and charging transit fees during the ceasefire.
Convoy Transits Strait of Hormuz
Reuters reported a convoy of several tankers transited the Strait of Hormuz on Saturday morning, south of Larak Island off the Iranian coast. MarineTraffic data shows the convoy included four LNG carriers and several vessels carrying oil products and chemicals, with more tankers heading towards the Strait.
Trump Signals Optimism, But Warns of Renewed Action
US President Donald Trump expressed optimism about talks with Iran, but warned of potential renewed bombing if no agreement is reached by Wednesday, April 22nd.
Oil Prices React to Strait of Hormuz Developments
The Strait of Hormuz is a critical waterway for regional oil and LNG exports, normally handling 20% of global supply. Disruptions caused oil and gas prices to surge, with Brent crude rising from around $70 before the conflict to nearly $120 in March, before falling below $90 after Iran announced the opening of the Strait.
Ceasefire and Ongoing Negotiations
A ceasefire has been in effect since April 8th, currently scheduled to last until April 22nd. Trump suggested that if Tehran doesn’t agree to hand over its enriched uranium, the US may take action “in a much more unfriendly manner.”
