Reopening of the Strait of Hormuz remains contingent on US altering its behaviour, Iran TV reports, citing an informed source

Reopening of the Strait of Hormuz remains contingent on US altering its behaviour, Iran TV reports, citing an informed source.

Conditionality of this kind is the standard Iranian framing around Strait of Hormuz episodes: disruption is held out as leverage rather than executed, and the linkage to US conduct signals negotiation rather than imminent closure. Historically, full closure has been threatened repeatedly but never sustained, since Iran's own crude exports and its relations with Gulf neighbours and Asian buyers depend on the waterway remaining open; the established pattern is harassment, seizures, and rhetoric at the margins, not blockade. The relevant transmission is not lost supply but the risk premium channel: freight and war-risk insurance rates for the Gulf, tanker routing, and the front of the crude curve rather than the back, since the market treats the tail risk as temporary. Attribution via state TV citing an informed source is a familiar signalling device, deniable and adjustable, so the tell is whether official Iranian or US channels confirm or walk back the framing. What bears watching is whether rhetoric escalates into physical incidents involving tankers or naval deployments, which is the point at which comparable episodes have actually repriced barrels rather than just headlines.