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Home»Stock Market»Iran reportedly closes Strait of Hormuz once more, elevating doubt over talks
Stock Market

Iran reportedly closes Strait of Hormuz once more, elevating doubt over talks

EditorBy EditorJune 20, 2026No Comments4 Mins Read
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Iran reportedly closes Strait of Hormuz once more, elevating doubt over talks
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Iran declared the Strait of Hormuz closed once more on Saturday and warned vessels to keep away from the essential transport route, however the U.S. denied these claims, stating the waterway remained open.

Tensions between the 2 international locations escalated simply days after Tehran and Washington reached an interim settlement to finish hostilities within the area.

The announcement by Iran’s navy and the nation’s Islamic Revolutionary Guard Corps got here as Iranian negotiators ready to journey to Switzerland for technical-level talks with U.S. officers scheduled to start Sunday.

Iran’s joint navy command mentioned the closure of the strait was in response to continued Israeli navy operations in Lebanon and what it described as U.S. “dangerous religion” and a failure to uphold commitments below the truce framework, AP reported. Iranian state tv mentioned “subsequent steps have been deliberate” if what it referred to as aggression continues, in keeping with a number of retailers.

Earlier Saturday, Israeli strikes in southern Lebanon killed no less than 16 individuals, together with two kids, AP reported, citing Lebanese authorities. Lebanon’s state-run Nationwide Information Company mentioned seven individuals remained trapped beneath rubble in Nabatiyeh and close by villages following the assaults, in keeping with AP.

The U.S. navy mentioned the Strait of Hormuz had not been closed, nonetheless, and mentioned that ⁠U.S. forces ‌have been monitoring the ⁠scenario to make sure that it remained open, Reuters reported.

“Iran doesn’t management the Strait ‌of Hormuz,” U.S. Central Command spokesperson Navy Captain ​Tim Hawkins advised Reuters. “Site visitors continues to movement, and U.S. forces ⁠are monitoring the scenario to make sure ‌this stays the ‌case.”

President Donald Trump additionally indicated the administration thought of the strait as open for site visitors. He advised the U.S. may start charging ships to transit the Strait if the events fail to transform the interim settlement right into a last deal inside 60 days.

“There will probably be NO TOLLS within the  Hormuz Strait for 60 days throughout the Stop Hearth Interval, and there will probably be NO TOLLS after the 60 day interval has expired, except they’re imposed by and for america of America, ought to the deal not be accomplished,” he mentioned in a Fact Social put up late Saturday, claiming the cost could be for “companies rendered.”

Iran’s try and shut down the strait once more raises the stakes forward of the talks in Switzerland, that are supposed to advance the interim settlement reached Wednesday between Trump and Iranian President Masoud Pezeshkian after practically 4 months of struggle.

The signed memorandum of understanding had referred to as for the fast finish to navy actions by Israel in Lebanon and the total reopening of the strait with out tolls imposed by Iran for no less than 60 days.

Vance, Iranian delegation head to Switzerland

U.S. Vice President JD Vance on Saturday left Washington to journey to Switzerland for additional negotiations with Iran, the White Home reported.

The vp advised reporters earlier than boarding his flight that he hoped to “make progress on the nuclear ⁠subject” and “the Lebanon ceasefire subject.”

“Regardless of the headlines, issues are literally ‌getting higher there (in Lebanon), and issues are slowing ​down a bit bit,” he mentioned. “It is ⁠going to be one thing we’re simply ‌going to have ‌to constantly handle to make sure that  Israel and ⁠Lebanon are each protected and safe.”

Earlier, the Swiss Federal Division of International Affairs introduced in a put up on X that the Iranian delegation had arrived within the nation.

Vance struck an optimistic tone earlier within the day, saying talks have been advancing regardless of Iran’s newest menace to close the strait.

Talking on Fox Information, he mentioned Jared Kushner, Trump’s son-in-law, and particular envoy Steve Witkoff in Switzerland have been working by the settlement’s technical particulars. He added that discussions have been “going properly.”

Vance famous that tanker site visitors had rebounded sharply following the ceasefire settlement.

“We truly bought 16 million barrels of oil out of the Strait of Hormuz yesterday,” Vance mentioned. “That could be a document going again to even earlier than the battle began.”

He additionally mentioned negotiators have been targeted on securing Iran’s enriched uranium stockpile to make it “successfully unattainable” for Tehran to rebuild its nuclear program, whereas emphasizing that america retained vital financial leverage if Iran didn’t adjust to the settlement.

— Reuters and the Related Press contributed to this report

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