Iran has reversed its decision to reopen the Strait of Hormuz, reimposing restrictions citing the ongoing US blockade of Iranian ports. Iran's military declared control of the waterway under strict management, stating that transit will remain blocked until the US lifts its sanctions. The U.S. responded by affirming that its naval blockade remains in full force, with the US military forcing 21 ships to turn back since the blockade's start. Meanwhile, President Trump emphasized that the US would maintain its blockade even if ceasefire talks with Iran progress, and hinted at the potential resumption of hostilities if negotiations falter.

Global markets responded positively as Iran announced that the Strait was open again, causing oil prices to plummet by nearly 11%. The US stock markets hit record highs amid optimism about easing regional tensions and a possible extension of ceasefire agreements. Tensions are heightened with reports that Iran has enriched uranium stockpiles, retains thousands of missiles, and that military vessels are restricted from transiting the Strait unless authorized by Iranian authorities. Diplomatic efforts continue, with European nations discussing ways to ensure free navigation, while U.S.-Iran negotiations remain tentative, with renewed diplomatic pushes underway.