Hormuz Standoff Escalates as Iran Considers Permanent Ban

The Strait of Hormuz remains a contentious issue as Iran weighs a permanent ban on hostile vessels. Iranian officials are backing a bill to block US, Israeli, and other hostile ships from passing through the strait, while President Trump claims that a deal is 'close'. This conflicting information has left oil markets uncertain.

The proposed shipping corridor would give Iran control over Gulf-bound vessels, but key details remain unresolved. Iranian officials caution that this new deal alone would not guarantee security in the strait.