Iran Says Hormuz Strait Will Reopen Only When Supreme Leader’s Conditions Are Met

By tying Hormuz traffic to the Supreme Leader's unspecified conditions, Tehran converts the chokepoint from a transit route into a negotiating instrument, and the deliberate vagueness keeps the terms of any reopening opaque to shipping and energy markets alike. The immediate exposure sits with oil flows and the insurers and charterers who price Gulf transit risk, since neither can plan around conditions that have not been published. The open question is whether those demands are clarified, or whether the ambiguity itself is the leverage.