Iran Denies Talks With US Over Strait of Hormuz

Iran's foreign ministry spokesperson Esmail Baghaei stated on Monday that Tehran is not engaged in any talks with the United States regarding the reopening of the Strait of Hormuz. The remarks were released during the European trading session.

The strait is a vital maritime passage through which nearly 20% of global energy supplies flow. The lack of dialogue leaves the chokepoint exposed to ongoing geopolitical uncertainty.

Markets will continue to monitor any developments that could affect oil transit and broader risk sentiment.