Iran’s parliament speaker Mohammad Bagher Ghalibaf says the Strait of Hormuz will not reopen while the US maintains a naval blockade. He called the blockade a “blatant violation of the ceasefire,” arguing that achieving a full ceasefire is pointless if the restrictive measures remain in place. The statement heightens uncertainty for regional shipping routes.
Europe and Asia may face a looming jet fuel shortage within weeks, linked to the Iran conflict and disruptions tied to the Strait of Hormuz. With jet fuel prices reportedly doubling, airlines could respond by raising fares and cutting capacity, raising the risk of delays or cancellations just as the summer travel rush begins.
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