Secretary of the Supreme National Security Council of Iran Razaee says Strait of Hormuz will not open until the US changes its behavior and accepts Iran's conditions
Newsquawk Staff ·
Secretary of the Supreme National Security Council of Iran Razaee says Strait of Hormuz will not open until the US changes its behavior and accepts Iran's conditions.
What it means
Conditional statements of this kind from Iranian security officials sit within an established pattern in which Hormuz functions as leverage in US-Iran negotiations rather than as an operational blockade scenario; historically, rhetoric tied to demands on Washington has preceded either de-escalatory talks or tit-for-tat maritime incidents, rarely a sustained closure, since a genuinely blocked strait cuts against Iran's own crude exports and its largest buyer relationships. The speaker's role matters: the Supreme National Security Council is the body through which such positions are formalised, so remarks from its secretary carry more weight than IRGC commander commentary, which has tended to be the more inflammatory channel. The mechanism for markets runs through freight rates, war-risk insurance premia and tanker routing before it touches physical supply, and past episodes have shown those cost channels repricing on rhetoric alone while spot crude waits for evidence of actual interference with shipping. The case distinction worth drawing is between harassment of individual vessels, which has been recurrent and short-lived in its pricing, and mining or seizure campaigns, which have historically drawn a US naval response and a sharper but still mean-reverting crude premium. The follow-ons are any shift in insurance pricing at the strait, tanker traffic data, and whether Washington responds through sanctions or through back-channel contacts, the latter being the usual route by which these standoffs have unwound.
Sources
- Newsquawk Daily European Opening News - 23rd October 2026
- Former German Finance Minister Kukies is said not to succeed Schnabel at the ECB
- China's Politburo held a meeting today and says it is to maintain high-pressure posture against corruption and will continue to deepen reform efforts and conscientiously implement reform tasks, according to Xinhua
- Russia's Defence Ministry says Russia hit a railcar depot in the Poltava region in Ukraine and a cargo vessel in the Black Sea, while it also hit the Port of Vilkovo in the Odesa region
- Singapore CPI (Sep MM) 0.2% (Prev. 0.6%)
Related headlines
- Indian HSBC Services PMI Flash (Oct) 56.2 (Prev. 55.2)54 min ago
- Indian HSBC Composite PMI Flash (Oct) 56.7 (Prev. 55.9)54 min ago
- Indian HSBC Manufacturing PMI Flash (Oct) 54.9 (Prev. 55.1)54 min ago
- Singapore Core CPI (Sep YY) 2.00% vs. Exp. 2.3% (Prev. 2.20%)54 min ago
- Singapore CPI (Sep YY) 2.2% vs. Exp. 2.3% (Prev. 2.3%)54 min ago
- US military says it has banned BYD (1211 HK) vehicles from a base in Japan because of unacceptable and unmitigable risks55 min ago
- Ukraine energy company DTEK says a Russian attack hit one of its power stations1 hour ago
- Ukraine seeks to move customs checks inside the EU to avoid Russian drones, with Kyiv in discussions with Poland and Slovakia about moving customs checks into their territories to try and make trucks safer, according to FT1 hour ago
- US President Trump's ambassador to the UN Waltz says the US is prepared for long stand-off with Iran and acknowledged that the US could still be mired in a stalemate with Iran a year from now, according to FT1 hour ago
- Indonesia's central bank official says rupiah movement still manageable following MSCI announcement last week and says we will respond if needed to ensure supply and demand in the FX market2 hours ago
- China Finance Ministry auctions 30-year bonds at 2.06% yield2 hours ago
- US President Trump posts "Senator Roger Marshall of Kansas has done an incredible job in representing his Great State! Because of him....Bombardier is investing 270 MILLION DOLLARS, creating THOUSANDS of American Jobs in Kansas, Texas, and Indiana"2 hours ago
- PRE-MARKET INDIAN STOCKS NEWS: Earnings from Adani Energy Solutions, Adani Total Gas, Hindustan Petroleum & Jindal Stainless2 hours ago
- Yemeni forces warned airlines again do not enter Saudi airspace or airports, according to Nour News2 hours ago
- [MARKET ANALYSIS] Asia-Pac stocks are mostly lower following the tech rout and flight-to quality stateside2 hours ago