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Oil little changed as investors weigh Hormuz uncertainty
Oil little changed as investors weigh Hormuz uncertainty
Oil little changed as investors weigh Hormuz uncertainty
Oil little changed as investors weigh Hormuz uncertainty
Oil little changed as investors weigh Hormuz uncertainty
Oil little changed as investors weigh Hormuz uncertainty
Oil little changed as investors weigh Hormuz uncertainty
Oil little changed as investors weigh Hormuz uncertainty
Oil little changed as investors weigh Hormuz uncertainty
Oil little changed as investors weigh Hormuz uncertainty
Oil little changed as investors weigh Hormuz uncertainty
Oil little changed as investors weigh Hormuz uncertainty
Oil little changed as investors weigh Hormuz uncertainty
Oil little changed as investors weigh Hormuz uncertainty
Oil little changed as investors weigh Hormuz uncertainty
Oil little changed as investors weigh Hormuz uncertainty
Iran's New Trump Card? The Strait of Hormuz Could Be Shut 'At Will' Despite US Deal
Recent findings by U.S. intelligence agencies reportedly suggested that Iran can now shut down the Strait of Hormuz at will, irrespective of the impending framework agreement scheduled for signing in Geneva on Friday. Iran is contemplating an economic “nuclear option” if negotiations collapse, using the Houthis to disrupt shipping through the Bab-el-Mandeb Strait, a critical trade route linking the Red Sea and Indian Ocean, potentially threatening global commerce, CNN reported on Tuesday. The intelligence agencies believe this newfound power could have far-reaching implications for the global economy, as per the report. “We have now handed Iran de facto control over the strait – a weapon more powerful than any nuke,” a source disclosed to CNN. Iran has also shown it can carry out precision strikes on Gulf nations' energy infrastructure, giving Tehran another powerful lever it can use to advance its strategic interests. Its capacity to weaponize the strait is strengthened by a substantial arsenal that includes missiles, drones, and small, fast boats. However, a high-ranking U.S. official told the publication that Iran cannot reap “any benefits” from the agreement unless the strait remains open and Iran adheres to the agreed terms. He added that Washington would gradually ease its blockade only when Tehran restores shipping through the Strait, indicating that the U.S. would maintain leverage throughout the process. White House did not immediately respond to Benzinga‘s request for comments. Three Iranian Oil Tankers Defy US Blockade The Strait of Hormuz is a vital global trade route, responsible for over a fifth of the world’s crude oil supply. According to a CNBC report on Wednesday, three Iranian tankers carrying nearly five million barrels of crude oil have recently managed to bypass the U.S. Navy blockade in the Strait of Hormuz. Two sanctioned supertankers owned by Iran’s National Iranian Tanker Company, Diona and Hero 2, passed through the U.S. Navy blockade carrying a combined 3.8 million barrels of Iranian crude, according to Kpler data. A third Iran-linked tanker transporting another 1 million barrels of crude also cleared the blockade on Wednesday. WTI crude oil declined 1.30% to $75.22 per barrel, while Brent crude was trading 0.78% lower at $76.53 per barrel as of 3:24 a.m. EDT. Iran Deal Centers On Oil Trade, Funds Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. Image via Shutterstock © 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved. To add Benzinga News as your preferred source on Google, click here.
Iran's New Trump Card? The Strait of Hormuz Could Be Shut 'At Will' Despite US Deal
Iran's New Trump Card? The Strait of Hormuz Could Be Shut 'At Will' Despite US Deal