Senior Iranian official says the unfreezing of Iranian assets is part of the agreement to open the Strait of Hormuz, without giving a timeline

The remarks from the Iranian official suggest a potential easing of tensions in the Strait of Hormuz, contingent on the unfreezing of Iranian assets. This could signal a shift in negotiation dynamics, impacting oil supply routes and prices. Investors should monitor how this development influences energy commodities and broader risk sentiment in the market.