Iran says Strait of Hormuz will remain closed until conditions are met

This is a new, explicit statement by Iranian Parliament Speaker Mohammad Bagher Ghalibaf that the Strait of Hormuz will remain closed until Iran’s conditions are met and U.S. commitments are implemented. It is forward-looking and materially relevant because the duration of the restriction affects energy flows, shipping availability, insurance costs and geopolitical risk; it is not merely market-performance commentary. The geopolitical_security type is the most specific classification. Importance is high because the route is strategically important and the statement extends uncertainty over reopening, while surprise is moderate rather than extreme because the closure and conditional reopening had already been reported. Confidence is high on the core facts based on the direct Fars-cited report and corroborating context, but the exact time of Ghalibaf’s statement is not provided, so the report timestamp is used as the best available proxy. The development advances existing event 1255 and is not treated as a duplicate because it is a distinct later statement adding a specific condition for reopening. Approved stakeholders are limited to companies with direct or clearly supported exposure to Gulf feedstocks, refined-product and aviation costs, tanker routing and freight, refining replacement demand, LNG substitution, or marine-insurance services.