Strait of Hormuz Questions Linger Amid News Flurry
A series of statements from Tehran and Washington has some companies playing it safe.
Despite a flurry of news from Tehran and Washington Friday indicating movement toward a resolution of the war, the day ended with lingering questions about a path to peace.
An initial announcement by Iran that the Strait of Hormuz was fully open, coming a day after Israel agreed to stop bombing Lebanon, was subsequently qualified to exclude ships and cargoes linked to “hostile” countries. Iran state media also reported the government would fully close the strait again if the US didn’t end its blockade of Iranian shipping. In Washington, President Donald Trump said the blockade would continue. Later, he revealed plans for new peace talks and Iran’s nuclear program, albeit without confirmation from Iran.