Iran Proposes Control Over Hormuz Strait Amid US Tensions

Apr 27, 2026

93 min

Apr 27, 2026 15:30

US-Iran ceasefire: Iran proposes military control of Hormuz Strait

## Iran's Proposal for Hormuz Strait

Iran has put forward a draft law that would grant its armed forces control over the Strait of Hormuz, a critical maritime passage. This proposal aims to restrict "hostile vessels" and requires financial transactions related to the strait to be conducted in Iran's local currency, the rial.

## US-Iran Relations

US President Donald Trump has suggested that the ongoing tensions with Iran might be nearing a resolution. He attributes this potential progress to the sustained military and economic pressure on Tehran, which he believes has weakened Iran's position. Trump also noted internal divisions within Iran's leadership as a factor that could expedite a resolution.

## Regional Developments

Iran's Foreign Minister Abbas Araghchi is currently in Russia for discussions with President Vladimir Putin. These talks are part of broader diplomatic efforts to address the conflict involving the US and Iran.

Meanwhile, Pakistan has opened new transit routes for goods to Iran, enhancing regional connectivity. This move is expected to facilitate the swift movement of cargo across Pakistan without bureaucratic delays.

## Economic Impact

The uncertainty surrounding the US-Iran conflict has impacted global markets. Oil prices have risen as the Strait of Hormuz remains largely closed, affecting the flow of crude oil. Stock markets have shown mixed reactions, with some indices experiencing slight declines amid the geopolitical tensions.

## International Reactions

China has opposed US sanctions on one of its refineries for purchasing Iranian oil, criticizing the unilateral nature of these sanctions. The Chinese government has vowed to protect its companies' interests against such measures.

## Military and Diplomatic Actions

The Israeli military has released footage showing operations in Lebanon against Hezbollah, raising concerns about the humanitarian impact on displaced residents. In Lebanon, President Joseph Aoun has called for direct negotiations with Israel to end the conflict, criticizing those who have led the country into war.

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