Overview
- Iran, which declared Friday the strait “completely open” for a 10‑day ceasefire, was countered by President Trump saying the naval blockade on Iranian ships and ports stays in force.
- Iran’s parliament speaker warned the waterway will not stay open if the blockade continues and said ships must use a designated route with Iranian authorization.
- Vessel-tracking showed several tankers that tried the lane near Larak Island turned back, and the shipping group BIMCO urged operators to avoid the area because of mine threats.
- At the UN, a General Assembly veto debate followed Russia and China blocking a Security Council draft on the crisis, and CNN-cited reporting said U.S. and Iranian negotiators plan to meet in Islamabad on Monday.
- Oil prices fell more than 10 percent on the reopening signal, yet many carriers and insurers remain cautious, a strain that could hit Asian refineries that depend on a chokepoint moving about a fifth of seaborne crude.