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Iran Decides to Suspend Negotiations with the US and Completely Block the Strait
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According to Iranian media reports, given Israel's continuous attacks on Lebanon, and Lebanon being one of the prerequisites for a ceasefire, and now that ceasefire violations have occurred on all fronts, including Lebanon, the Iranian negotiating delegation has decided to suspend "negotiations and text exchanges with the US through mediators." The "Resistance Front" and Iran have decided to completely block the Strait of Hormuz and launch other fronts, including the Strait of Mandeb, to punish Israel and its supporters. Iranian officials demanded that Israel immediately stop its military operations in Gaza and Lebanon. Iran also demanded that Israel completely withdraw from the areas it occupies in Lebanon before negotiations resume. Iran will not negotiate until its demands for Israel to stop its actions in Lebanon and Gaza are met.
Subsequently, WTI crude oil futures surged 5% during the day, now trading at $91.74/barrel.