Iran Halts Negotiations, Threatens to Close Strait of Hormuz
Iran has reportedly halted communication exchanges with the United States through mediators in response to ceasefire violations, specifically Israeli military attacks on Hezbollah militias in Lebanon, according to Tasnim News Agency. Tehran asserted that there will be no dialogue until Israel fully withdraws its forces and halts attacks on Lebanon and Gaza.
Furthermore, Iran and the resistance front announced they would completely close the Strait of Hormuz and activate alternative routes, including the Bab al-Mandeb, in retaliation against Israel and its allies. This move triggered tensions in global energy markets.
The market reaction was immediately evident in oil prices, with WTI surging more than 5% to around $91 per barrel, reflecting investor concerns about disruptions to global supply through this vital waterway. The rise in oil prices coincided with heightened diplomatic uncertainty, as four months of peace efforts were again disrupted.
US President Donald Trump had previously stated that he would reach a deal with Iran to contain the conflict, but the meeting in the White House Situation Room ended without a final decision. In recent days, the US and Iran have renewed attacks on each other, jeopardizing the previously fragile ceasefire.
The White House and US Central Command have not yet issued an official response to the reports, while investors continue to monitor developments to assess their impact on oil prices, regional stability, and global financial markets.
Source: newsmaker.id
