Iran Keeps Strait of Hormuz Closed Amid US Tensions

Aug 10, 2026

66 min

Aug 10, 2026 19:31

Iran says Strait of Hormuz will remain closed until US blockade ends

## Strait of Hormuz Closure

Iran has announced that the Strait of Hormuz will remain closed until the United States lifts its blockade on Iranian ports and meets other demands. This closure has significantly impacted global oil prices, which have risen by about 5%.

## Rising Oil Prices

The international benchmark Brent oil reached $87.72 per barrel, while the US benchmark West Texas Intermediate climbed to $82.13 per barrel. The ongoing dispute over the strait, a crucial passage for global oil shipments, continues to affect market stability.

## US Response

In response to the situation, President Trump extended a waiver allowing foreign ships to transport oil between US ports. This 90-day extension aims to maintain energy flow despite the disruptions caused by the conflict with Iran.

## Regional Tensions

The closure of the Strait of Hormuz is part of broader regional tensions. In Yemen, Houthi rebels have intensified attacks on Saudi Arabian targets, further destabilizing the region. Meanwhile, Israeli Prime Minister Netanyahu has rejected a US-led peace plan for Gaza, adding to the complexity of Middle Eastern geopolitics.

## Iran's Stance

Iran's Revolutionary Guards have stated that the strait will not reopen until their demands are met, including compensation for war damages. Talks with Oman regarding navigation through the strait are reportedly progressing, but no agreement has been reached yet.

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