Markets face an interesting week following conflicting signals about Strait of Hormuz access as Iran's Foreign Minister announced Friday the waterway was "completely open" citing an Israel-Lebanon ceasefire, only for the Islamic Revolutionary Guard Corps to contradict this by asserting continued control over vessel passage.
Ships racing to exit the Persian Gulf on Friday reversed course amid the mixed messaging, while Iran's military stated Saturday that "control of the Strait of Hormuz has returned to its previous state" under "strict management" by armed forces as long as the U.S. blockade of Iranian ports continues.
