Iran Says It Will Block Oil Exports Through Hormuz Over US Pressure

According to reports, Rejaei announced that the Strait of Hormuz would remain closed until the United States fulfills its commitments under the June memorandum of understanding signed between Tehran and Washington. He linked the potential shutdown to the U.S. failure to honor the agreement, signalling that Iran could cut off oil transport through this critical chokepoint.

The move would have significant ramifications for global oil markets, underscoring Tehran's willingness to leverage geographic assets in response to what it calls an unjust economic siege.