Overview
- Iran reclosed the Strait of Hormuz on Saturday and said armed forces are managing ship traffic under new directives.
- Two tanker owners reported Iranian radio orders to halt transit, with one supertanker reporting gunfire and turning back, in what Iranian state media cast as enforcement of control.
- The U.S. continues a naval blockade tied to Iranian ports, and Iran says it will not reopen the waterway unless Washington lifts those restrictions.
- Diplomacy shows little progress as Islamabad talks produced no compromise on uranium enrichment and Tehran did not confirm the president’s claim of a nuclear pause.
- Markets swung on the flip‑flop in Strait headlines, with near‑term peace odds dropping and Bitcoin spiking on reopening reports before slipping after the renewed closure.