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2026-04-08 20:58:02
[Strait of Hormuz May Open Limitedly, Iran Sets Conditions for Controlling Shipping Channels] ⑴ According to a senior Iranian official, the Strait of Hormuz may be partially opened under Iranian control on the 9th or 10th, ahead of negotiations between Iran and the United States in Pakistan. ⑵ The official stated that if both sides can reach an agreement on the framework for negotiations, the strait will be opened in a limited manner, under Iranian control, and all ships will be required to accept the coordination of the Iranian military. ⑶ The current ceasefire between Iran and the United States remains fragile. Iran prefers a lasting peace, but if the United States insists on resuming hostilities, Iran is not afraid to return to war. Limited opening, if implemented, will alleviate some concerns about disruptions to oil transportation. However, Iran's retention of control and the mandatory coordination conditions mean that freedom of navigation remains restricted. The market needs to be wary of the risk of a reversal due to any breakdown in negotiations.
