Iran Reimposes Tight Control of Strait of Hormuz as U.S. Blockade Holds

Overview

• Iran’s armed forces, which said Saturday they had restored strict control of the Strait of Hormuz, reversed a short-lived reopening tied to the Lebanon truce as President Trump kept a naval blockade in place until talks conclude.
• Maritime security sources said at least two merchant ships reported being hit by gunfire while attempting transit, and vessel tracking showed about 20 ships approached before most turned back.
• Shipping risk remains high because insurers are reluctant to cover tankers during hostilities and blockades, a gap Saudi finance minister Mohammed Al-Jadaan called the main hurdle to restoring exports.
• Oil prices slumped Friday on hopes the route would reopen, yet supply strains persist as Europe faces jet‑fuel shortfalls within weeks, with Ryanair saying suppliers can cover only through most of May and the IEA estimating about six weeks of stocks.
• Talks mediated by Pakistan continue but remain fragile, with disputes over enriched uranium and sanctions relief, and Trump said the U.S. will not be coerced as Iran requires commercial ships to coordinate with the IRGC and bars military or “hostile” vessels.