Back to today’s briefing

Story perspectives

Iran says Strait stays blocked until six conditions met

8/13/2026

22 4 Full Breakdown

Summary

Story summary

Senior Iranian source said no progress in reviving the June interim ceasefire in the Gulf.
President Donald Trump claimed the United States controls the Strait of Hormuz.
Iran’s Persian Gulf Strait Authority said the strait stays blocked until Iran’s six conditions are met.
Brent crude futures rose 35 cents to $89.26 a barrel after earlier peaking at $126 a barrel.

History

Historical Context

In October 1973 OAPEC, led by Saudi King Faisal and Iran’s Shah, embargoed the United States and allies, cutting Middle-East exports by up to 70% and pushing barrel prices from $3 to nearly $12—a 300% rise. The shock spurred U.S. energy-security measures and resurfaces today as Tehran threatens Strait of Hormuz traffic.

1 of 2

Story summary

Senior Iranian source said no progress in reviving the June interim ceasefire in the Gulf.
President Donald Trump claimed the United States controls the Strait of Hormuz.
Iran’s Persian Gulf Strait Authority said the strait stays blocked until Iran’s six conditions are met.
Brent crude futures rose 35 cents to $89.26 a barrel after earlier peaking at $126 a barrel.

1 / 2