Iran's Foreign Ministry spokesperson says many ships can still pass through the Strait of Hormuz if they coordinate with the Iranian navy, Mehr reports

This statement from Iran's Foreign Ministry suggests a controlled approach to maritime traffic in the Strait of Hormuz, which is critical for global oil shipments. While coordination appears to mitigate immediate tensions, it highlights the ongoing geopolitical sensitivities that could impact energy supply and pricing, particularly for crude oil. Traders should remain cautious of potential escalations or shifts in maritime security dynamics that could influence WTI prices.