Iran Claims Exclusive Control of Hormuz Strait for Next 30 Days
β HORMUZ β Araghchi just gave Iran's 30-day claim a name and a deadline. π LOOK CLOSER: A 30-day window frames this as leverage, not permanent closure β but the legal effect is the same: Iran is asserting veto power over every transit. Insurers need no blockade declaration; they need this sentence. War risk premiums reprice immediately, Cape rerouting accelerates. Washington must now respond to a named deadline, not a vague posture.