Iran's security council declared on August 12, 2026, that the Strait of Hormuz will remain closed to shipping until the United States meets specific conditions to end the ongoing conflict.
The standoff has caused global oil supply concerns, with traffic through the critical maritime chokepoint dropping to a weekly low of just six vessels as of Monday.
Diplomatic efforts are currently stalled, as Iran demands significant concessions from Washington before it will consider lifting the blockade on the vital trade route.