Iran says the Strait of Hormuz will not reopen until the US stops threatening Iran, ends strikes on its regional allies, withdraws forces, pays reparations, re…
Feb 28, 2026: coordinated strikes hit Iranian military and leadership targets. Khamenei killed. IRGC bars Strait passage within hours; traffic drops 70%.
IRGC attacks tankers under many flags. Brent crude tops $100, then peaks near $126. Iran later exempts China, Russia, India, Iraq, Pakistan-flagged vessels.
After ~40 days of conflict, a ceasefire holds briefly. Islamabad talks days later fail to convert it into a lasting settlement.
Trump orders a naval blockade after talks collapse. Iran loses an estimated $4.8 billion in oil revenue within weeks, per Pentagon estimates.
The India-flagged Haji Ali is struck and sinks; all 14 crew rescued by Oman's Coast Guard. India's MEA condemns the attack.
A signed memorandum removes the US blockade and arranges free passage for 60 days - proof the strait can be reopened through negotiation.
US Treasury reimposes oil sanctions July 7. Iran strikes multiple tankers days later; the interim truce collapses entirely.
After Indian crew deaths and injuries in tanker attacks, India's DGMA tells shipping firms to stop deploying Indian seafarers on Hormuz routes.
Zolghadr: stop threats, end strikes on Iran's allies, withdraw forces, pay reparations, unfreeze assets, lift sanctions. Same day, UAE reports a tanker struck.
Read the complete story, FAQs and key facts.