Iran Links Hormuz Closure to US Commitments, Separates Oman Talks

Iran’s Foreign Ministry said on Monday that closing the Strait of Hormuz is a separate matter from its negotiations with Oman, and that any such move would be tied to the United States violating its commitments. The ministry did not specify which commitments it believes the U.S. has breached.

The Strait of Hormuz is a vital chokepoint for global oil shipments. Past Iranian threats to restrict passage through the waterway have often sparked volatility in crude prices. Today’s comment served as a reminder of the geopolitical risk premium that can affect energy markets.