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The Hormuz Letter

@hormuzletter

Iranian. The Middle East through the lens of oil, markets, and money.

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calendar_today27-12-2025 01:13:52

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BREAKING: Iran's IRGC says that if Trump carries out his Strait of Hormuz blockade, Iran will respond by taking control of the Bab el-Mandeb Strait through the Houthis, per Press TV.

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NEW: JD Vance's final offer handed over to Iran at the Islamabad talks before the collapse consisted of the following six demands, per Fox News citing two US officials: 1. End all uranium enrichment 2. Dismantle all major nuclear enrichment facilities 3. Retrieve the more than

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BREAKING: The US military will begin implementing a blockade of all maritime traffic entering and exiting Iranian ports on April 13 at 10 a.m. ET, per a formal CENTCOM statement. The blockade will target all Iranian ports on the Arabian Gulf and Gulf of Oman and will be enforced

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BREAKING: Iran's Foreign Minister Araghchi says Iran was "merely inches from the Islamabad agreement" before facing "maximalism, shifting goalposts, and a blockade" from the US, in a formal statement. Also from Araghchi's remarks: 1. Says Iran engaged with the US "in good faith

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BREAKING: US oil prices surge over 10% at the open, gapping above $105 per barrel, on the failed US-Iran talks in Islamabad and the US naval blockade of Iranian ports.

BREAKING: US oil prices surge over 10% at the open, gapping above $105 per barrel, on the failed US-Iran talks in Islamabad and the US naval blockade of Iranian ports.
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BREAKING: Trump is considering resuming limited military strikes against Iran in addition to the Strait of Hormuz blockade as a way to break the stalemate after the failed Islamabad talks, per WSJ. Trump named specific potential targets on Fox News: "I would hate to do it, but

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BREAKING: A massive US Air Force transport airlift is underway to the Middle East tonight, with C-17s, C-130Js, and KC-35R refuelers transiting European airspace.

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BREAKING: Iran's armed forces have called the US naval blockade of Iranian ports "illegal" and "an act of piracy," announcing Iran will implement a "permanent mechanism" to control the Strait of Hormuz in response, per Iranian state media. The statement comes four hours before

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BREAKING: Netanyahu in a cabinet meeting says the ceasefire with Iran "could end quickly" and confirms Israel supports the US naval blockade of Iranian ports, in "full coordination with Washington." Also from Netanyahu's remarks: 1. Says "the fighting continues all the time"

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NEW: Pakistan, Egypt, and Turkey are continuing talks between the US and Iran despite the incoming US naval blockade, with the ceasefire set to expire on April 21, per Axios citing a US official and a regional source. Main details include: 1. The Turkish and Egyptian foreign

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BREAKING: The UK's Maritime Trade Operations has been informed that access restrictions on Iranian ports are being enforced starting 1400 UTC, covering the Persian Gulf, Gulf of Oman, and the Arabian Sea east of the Strait of Hormuz.

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BREAKING: Trump on Truth Social, at the moment the US naval blockade of Iranian ports takes effect, warns that any Iranian vessel coming "anywhere close" to the blockade zone "will be immediately ELIMINATED, using the same system of kill that we use against the drug dealers on

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NEW: Iran's parliament is drafting legislation to permanently control transit through the Strait of Hormuz, with tolls payable in Iranian rials, Chinese yuan, or cryptocurrencies, titled "Strategic Action for the Security of the Strait of Hormuz." Main details include: 1. The

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BREAKING: In a direct message to the Trump administration and the US Navy, China's Defense Minister Admiral Dong Jun says Chinese ships will continue transiting the Strait of Hormuz through agreements with Iran, and warns the US not to "meddle in our affairs." Also from Dong's

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BREAKING: Trump live from the Oval Office sets a new 2-week deadline for Iran to make a deal, warning the situation "won't be pleasant" if Iran does not agree by April 27.

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BREAKING: Two oil tankers executed 180-degree turns at the Strait of Hormuz within minutes of the US naval blockade taking effect, per MarineTraffic AIS data and CBS News. The Rich Starry, flagged in landlocked Malawi, turned back approximately 20 minutes after the blockade

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NEW: Instead of the usual Mediterranean and Red Sea route, the USS George H.W. Bush carrier strike group is sailing around the entire African continent to reach the Persian Gulf, just to avoid the Houthi-controlled Bab el-Mandeb, per USNI News. The carrier and its escorts,

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NEW: The US blockade of Iranian ports is set to immediately affect up to 983,000 tons of food shipments currently in transit to Iran, hitting food imports rapidly unless the US fully grants exemptions, per Kpler. Russian grain supplies via the Caspian Sea, the most likely

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BREAKING: Pakistan has proposed hosting a second round of US-Iran talks in Islamabad as early as Thursday, before the current ceasefire expires, per AP citing two Pakistani officials.

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BREAKING: China has rejected US reports that it is preparing to supply air defense systems to Iran and threatened countermeasures if the US imposes new tariffs based on the accusations, per the Chinese Foreign Ministry. The MFA spokesperson called the reports "purely fabricated"