The seven-day Hormuz reopening story was a fabrication timed to knock Brent below $100, and Tehran shot it down within hours, as no offer was ever made. The strait stays shut as long as hostile American actions continue. Anyone trading on that headline got played by market manipulation.
Shutting the strait and stacking up preconditions solves nothing when a resolution is already available. Washington is open to talking at the U.N. General Assembly if the conversation can actually lead somewhere positive. The bottom line has not moved: Iran can never have a nuclear weapon, and talking beats blockades.
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