Hormuz normalization odds ease as Iran asserts control and proposes tolls
· flowframe Pulse
The market pulled back after the IRGC announced the Strait of Hormuz would remain under its firm naval control, defying a U.S. ultimatum to reopen the waterway by April 6. Sentiment further weakened following the Iranian parliament's move to assert sovereignty over the channel via a new 'Management Plan' and reports of a fresh strike on the tanker 'Aqua 1' in the Persian Gulf.
20¢ → 17¢ • Vol: $2.0M