Iran's military command reminds tankers who still directs traffic at Hormuz

Just as the market was getting comfortable with a clean Hormuz reopening, Iran’s joint military command issued a fresh warning to tanker traffic through the strait — an unambiguous reminder that the ceasefire lifted the naval blockade, it did not hand the waterway back to anyone. Brent ticked higher; the fourth straight weekly loss paused for a session. A ceasefire is a political document. The guns still trained on the lane are hardware. Confidence was always going to return slower than the ships. Iran is making certain it does.