Iran Rejects Claims of Reopening Hormuz After Trump Announcement

Iran has rejected reports that it reached an agreement with the United States to reopen the Strait of Hormuz, saying the key global shipping route remains restricted.

According to Iran’s Fars News Agency, Tehran denied claims of a deal and said the strait would remain closed to vessels that do not coordinate with the Islamic Revolutionary Guard Corps (IRGC).

The development came after US President Donald Trump said that the “perimeters of a deal” had been reached. It somewhat raised expectations of a possible breakthrough between Washington and Tehran.

The Strait of Hormuz is one of the world’s most important energy routes, with a significant portion of global oil and LNG shipments passing through the narrow waterway. Any prolonged disruption could increase risks for energy markets, shipping costs, and global fuel prices.

Markets are closely watching developments ahead of the reopening of US stock futures.

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