Iran says US firepower will not end the war as another tanker is hit
Talks are at an impasse heading into Monday's open, though an Iraqi supertanker cleared Hormuz with Iranian permission.
- 2M bblIraqi VLCC via Hormuz
- 100M bblG7 reserve release
- 7Iranian conditions
For VardonNo de-escalation over the weekend means fuel stays the swing factor for the low-income consumer and for freight-heavy retailers. Expect energy-sensitive names (airlines, dollar stores, delivery-dependent retail) to open on Hormuz headlines, not fundamentals, with Delta's Friday print the first read on fuel pass-through.
Iranian Foreign Minister Abbas Araghchi said Sunday there is no military solution and no sanctions solution, as Washington shifts from strikes toward economic pressure. UKMTO reported another tanker struck by an unknown projectile, with engine room damage. Speaker Ghalibaf said Hormuz stays restricted until the US meets seven conditions, while President Trump told an Ohio rally Iran can do this "the easy way or the hard way." Houthis claimed a strike on an Aramco facility near Riyadh. On the supply side, Iraq moved 2 million barrels through Hormuz on a VLCC, its first such transit in decades, and the G7 is releasing 100 million barrels of emergency reserves over four months via the IEA.