Iran's Tasnim news agency has reported that the Strait of Hormuz will not reopen until a ceasefire in Lebanon holds and oil import waivers are issued. This was reported by Qazaqyia.kz citing Reuters.
The agency's statement indicates that the reopening of the Strait of Hormuz is directly linked to the maintenance of a peace agreement in Lebanon and the granting of waivers to oil buyers. This situation could impact the international oil market.