Iran Warns Hormuz Deal Will Not Reopen the Strait
β HORMUZ β A deal is forming, but Iran just defined what it won't deliver. π LOOK CLOSER: Tehran's warning reframes the Oman framework before it's signed: corridor management, not reopening. That gap kills Washington's core deliverable β Brent repricing, shipping industry re-entry, and Trump's "pretty soon" narrative all require full transit restoration. Industry already rejected the corridor as unworkable. Iran just confirmed that's the ceiling.