Strait of Hormuz Crisis and Maritime Security

Iran threatens to close the Strait, has struck ADNOC tankers, and rejected a US-backed deal. A 14-point MOU is being negotiated but faces IRGC hardliner opposition. US naval blockade is in place. Talks set for Monday with no deadline; Iran's foreign ministry pushes back on reopening, now saying talks are only with Oman, not the US. Oil prices plunged 7% on Trump's pause, but retained military option keeps supply disruption risk high.