Iranian President Conditions Strait of Hormuz Reopening on U.S. Blockade Removal

First Squawk reported that Iranian President Masoud Pezeshkian said the Strait of Hormuz would reopen only if the United States lifted what Tehran calls its blockade, while Iran's Supreme Leader retains the final decision. This is a concrete, forward-looking geopolitical signal with potential implications for maritime access, energy flows, tanker routing and war-risk costs, but it is not a confirmed reopening and reiterates a broader negotiating position reported previously. The timestamp is tied to the report time because the exact time of the president's statement is not provided; surprise is therefore moderate, while confidence in the core statement is high. Approved stakeholders are limited to companies with clear Gulf-feedstock, tanker-routing or non-Gulf energy-substitution exposure supported by the provided context.