The waterway carries about 20% of global oil supply, making any shift in Iran's posture a closely watched risk factor for energy markets and broader investor sentiment.
Iran's FM Araghchi reportedly said Tehran remains committed to "protecting its interests" in the Strait of Hormuz, a strategic shipping chokepoint through which about 20% of global oil supply flows. The remark drew market attention because disruption risks in the passage can quickly affect crude prices, shipping costs and wider risk sentiment.