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The Strait of Hormuz has been closed again amid the ongoing standoff between Iran and the United States. Iranian parliamentary speaker Mohammad Bagher Ghalibaf indicated that a conclusive peace agreement is still far away, despite some progress in talks.Iran's Islamic Revolutionary Guard Corps (IRGC) warned that any attempt to pass through the strait without permission will be considered cooperation with the enemy, and the offending vessel will be targeted. The current two-week ceasefire is set to expire on Wednesday unless it is extended.US President Donald Trump has no justification to deprive Iran of its nuclear rights, Iranian President Masoud Pezeshkian said. Iran's valiant navy is ready to inflict new bitter defeats on its enemies, Supreme Leader Mojtaba Khamenei said.The US military forced 23 ships to turn around near the Strait of Hormuz since imposing a naval blockade on Iranian ports. Trump accused Iran of getting a little cute with its recent moves and warned Tehran not to try to blackmail Washington.In Israel, another soldier was killed in combat in southern Lebanon. The Israeli military established a so-called yellow line in southern Lebanon, similar to a measure in the besieged Gaza Strip.United Nations Secretary-General Antonio Guterres condemned the attack that killed a French soldier serving with the UN mission UNIFIL in Lebanon.

US President Donald Trump's recent announcements about securing major concessions from Tehran have sparked rejections and clarifications from Iranian authorities. Trump claimed that Iran had agreed to stop enriching uranium on its soil and would jointly dig up enriched uranium buried under the rubble of bombed Iranian nuclear sites with the US.The Iranian government quickly responded to Trump's claims, with Parliament Speaker Mohammad Bagher Ghalibaf rejecting all of them. The Khatam al-Anbiya Central Headquarters of the Islamic Revolutionary Guard Corps (IRGC) also released a statement saying the Strait of Hormuz is once again heavily restricted and under 'strict management' of the armed forces.The dissonance was clearly on display on state television and other state-linked media, with multiple hosts and analysts harshly attacking Foreign Minister Abbas Araghchi for tweeting that the Strait of Hormuz was 'declared completely open for the remaining period of ceasefire'. The Iranian economy continues to suffer, with oil prices dropping and the Iranian currency experiencing volatility.

Iran has reclosed the Strait of Hormuz, a critical waterway for global oil supplies, in retaliation to the United States' ongoing blockade of Iranian ports. The Islamic Revolutionary Guard Corps (IRGC) announced on Saturday that control of the strait had 'returned to its previous state,' with Iranian gunboats reportedly firing at a merchant vessel attempting to cross.The strait's closure comes after a brief reopening, during which over a dozen commercial ships passed through. This development has cast doubt on US President Donald Trump's optimism about a potential peace deal to end the US-Israel war on Iran, which Trump claimed was 'very close.'The IRGC statement emphasized that the blockade represented 'acts of piracy and maritime theft,' and warned that the strait would remain under strict control until the US restores full freedom of navigation for Iranian vessels. Oil prices have been impacted, with at least eight oil and gas tankers crossing the strait by 10:30 GMT, while several others turned back.The situation has created uncertainty for maritime shipping, with specialist John-Paul Rodrigue noting that contradictory information from all parties has deterred many vessels from crossing. Al Jazeera's Tohid Asadi reported from Tehran that Iran seeks a comprehensive end to the regional war, including security assurances, sanctions relief, and a resolution to its nuclear dossier.

Oil prices have plummeted to their lowest point in weeks after Iran said the Strait of Hormuz was open for passage during a ceasefire in Lebanon. The international benchmark, Brent crude, fell more than 9 percent to $90.38 a barrel on Friday, taking it below $91 for the first time since March 10.Iranian Foreign Minister Abbas Araghchi said the strait was “completely open” and would remain so for the duration of the 10-day ceasefire between Israel and Lebanon, which took effect on Friday. US President Donald Trump hailed Tehran’s announcement, declaring the waterway “ready for business and full passage.”However, on Saturday, Iran rowed back on its decision to reopen the Strait of Hormuz, warning that it would continue to block transit through the key waterway as long as the US blockade of Iranian ports remained in effect. Trump said the blockade “will remain in full force” until Tehran reaches a deal with the US, including on its nuclear programme.Roughly one-fifth of the world’s oil passes through Hormuz and further limits would squeeze already constrained supply, driving prices higher once again. Amid the escalation, Pakistani officials say they are trying for more talks between the US and Iran ahead of the April 22 ceasefire deadline.Meanwhile, ship tracking data displayed a significant uptick in vessels crossing the strait on Saturday, with an analyst at maritime intelligence firm Windward saying it was the busiest since the Strait of Hormuz was effectively closed at the beginning of the war.

US President Donald Trump has issued a stern warning that the United States will resume military action against Iran if a nuclear deal is not reached. Speaking in a recent statement, Trump emphasized that the US will 'start dropping bombs again' if diplomatic efforts fail to produce a satisfactory agreement.The statement comes amid ongoing tensions between the US and Iran over the country's nuclear program. Trump's comments have sparked concerns about a potential escalation of conflict in the region.The US has been engaged in diplomatic efforts to revive the Iran nuclear deal, which was withdrawn from by the Trump administration in 2018. The deal, also known as the Joint Comprehensive Plan of Action (JCPOA), aimed to limit Iran's nuclear activities in exchange for relief from economic sanctions.Trump's warning has heightened concerns about a potential military conflict in the region, with many countries and international organizations calling for a peaceful resolution to the crisis.

Iranian authorities have dismissed former U.S. President Donald Trump's statement alleging the existence of a deal to surrender nuclear material stockpiles. In a brief statement, Tehran's foreign ministry clarified that no such agreement has been negotiated or signed, countering the former president's public remarks.The rejection underscores ongoing tensions between Tehran and Washington over the country's nuclear program, a subject that continues to dominate diplomatic discourse. While Trump suggested progress toward a disarmament arrangement, Iranian officials stressed that any claims of a finalized deal are unfounded and do not reflect the current state of negotiations.Analysts note that the divergence in narratives may further complicate efforts to revive the 2015 Joint Comprehensive Plan of Action (JCPOA) or any future framework aimed at limiting Iran's nuclear capabilities. The Iranian response serves as a reminder that official channels and verified agreements remain the only credible basis for assessing nuclear non‑proliferation developments.

Sixteen Polymarket accounts each earned more than $100,000 by correctly forecasting the U.S. airstrike on Iran on 27 February, while a single user, known as “Magamyman,” pocketed over $550,000 by betting on the removal of Ayatollah Ali Khamenei moments before his death in an Israeli strike.Just before former President Donald Trump announced a temporary cease‑fire on 7 April, traders placed a staggering $950 million wager that oil prices would fall – a bet that proved accurate.These synchronized bets, which also included $855,000 in contracts predicting the 27 February strike and $580 million in oil‑futures positions placed minutes before Trump’s “productive talks” comment on 23 March, have raised alarms about possible insider information being used in online prediction markets.Platforms such as Polymarket and Kalshi now allow contracts on virtually any news event, blurring the line between traditional sports betting and financial speculation. The ease of accessing commodity derivatives, especially oil futures, amplifies the potential for profit – and for regulatory scrutiny.Law professors Joshua Mitts (Columbia) and Andrew Verstein (UCLA) note that while the trades could be “lucky,” the timing and scale suggest “hallmarks of suspicious activity” that merit investigation. The Commodity Futures Trading Commission (CFTC) has reportedly opened inquiries into the March 23 and April 7 oil‑futures trades, though it has not publicly confirmed the probes.Regulators face a dilemma: existing legislation may be inadequate for the technological realities of blockchain‑based prediction markets. CFTC Commissioner Michael Selig, appointed by the Trump administration, warned that “we will find you and you will face the full force of the law,” yet the agency cannot issue new rules until it has a full five‑member commission.State‑level challenges further complicate oversight. Nevada temporarily banned Kalshi for operating without a gambling license, while Arizona filed criminal charges over election‑betting contracts. Kalshi argues that the CFTC holds exclusive jurisdiction over such markets.A recent academic study screened over 200,000 “suspicious wallet‑market pairs” from February 2024 to February 2026, finding that traders in this cohort achieved a near 70% win rate, generating roughly $143 million from well‑timed bets on events ranging from the capture of former Venezuelan leader Nicolás Maduro to celebrity engagements.Congressional leaders have responded with legislation aimed at prohibiting federal employees, including members of Congress and White House staff, from participating in prediction‑market contracts tied to political or policy outcomes. However, experts caution that the legal framework for insider trading in commodity futures remains under‑developed, making enforcement challenging.As prediction markets continue to intersect with geopolitical events, the risk of market distortion grows. “When financial bets are based on classified military information, it undermines both market integrity and public trust,” warned Verstein, highlighting the broader implications for the real economy.

US President Donald Trump has made a series of claims about concessions secured from Iran ahead of possible ceasefire talks, including that Tehran has agreed to keep the Strait of Hormuz open and turn over its nuclear stockpile.On Friday, Trump posted on Truth Social that Iran had agreed to open — and “never close” — the Strait of Hormuz, a critical waterway for global oil shipments. He also claimed that Iran would turn over its “nuclear dust” and that Israel would be “prohibited” from launching attacks in Lebanon.Iran has confirmed reopening the Strait of Hormuz for the “duration” of the current pause in fighting, which is set to end early next week. However, officials have pushed back on claims regarding its nuclear stockpile, with a source telling Al Jazeera negotiations remain at a preliminary stage.Despite the outstanding questions, Trump struck a celebratory tone, calling Friday “A GREAT AND BRILLIANT DAY FOR THE WORLD!” He also told Bloomberg News that he expected talks to move forward on Sunday with a permanent ceasefire deal in sight.“We’re not seeing the full picture,” Yezid Sayigh, a senior fellow at the Carnegie Middle East Center, told Al Jazeera, pointing to Trump’s penchant for hyperbole and several unresolved issues. “But this does suggest a positive momentum towards something that may end up being a comprehensive deal.”Sayigh added that Trump could have ulterior motives in striking an upbeat tone, at a time when the chokehold in the Strait of Hormuz is driving up prices for everything from fuel to fertiliser.“It is very interesting that President Trump is putting such a positive spin on things, not only to encourage markets and talk down oil prices and talk stock market prices up,” Sayigh said. “But also, I suspect, because he’s preparing the ground for more revelations about what is being negotiated with Iran.”

The International Monetary Fund (IMF) has downgraded its global growth forecast for 2026 from 3.3% to 3.1%, citing the impact of the US-Israeli war on Iran and the shutdown of the Strait of Hormuz on the world economy. In a worst-case scenario of a prolonged war, global growth could fall to 2.5% in 2026, with low-income and developing economies hit the hardest by soaring commodity and energy prices. However, some industries are benefiting from the uncertainty: Wall Street Investment Banks Wall Street investment banks are thriving due to increased trading activity, with Morgan Stanley reporting a profit of $5.57bn, up 29% year on year, and Goldman Sachs reporting a profit of $5.63bn, up 19% year on year. Aerospace and Defence The aerospace and defence industries are booming due to increased global defence spending, with the MSCI World Aerospace and Defence Index reporting net returns of 32% year on year. Artificial Intelligence The AI industry is expected to grow from $189bn in 2023 to $4.8 trillion by 2033, with Taiwan Semiconductor Manufacturing Company posting a net income of $18.1bn for the first three months of 2026, up 58% year on year. Renewable Energy The renewable energy sector is also benefiting from the war, with 150 countries having active policies to advance renewable and nuclear deployment, and the S&P; Global Clean Energy Transition Index up 70.92% year on year.