Lead Iran’s First Vice President Mohammad‑Reza Aref warned that the Strait of Hormuz would not remain safe if the U.S. continued to restrict Iranian oil exports. The warning comes as oil prices rebound after a sharp drop, underscoring renewed supply risks. Context The Strait of Hormuz is a critical chokepoint for global oil flows, carrying roughly a fifth of the world’s crude. Any disruption can ripple through markets and affect drilling operations worldwide. Key Data Oil prices fell 10% on Friday, then rebounded 5% early Monday after the U.S. Navy intercepted an Iranian vessel it accused of attempting to break its blockade. The Strait was closed again on Saturday following a brief respite, and maritime intelligence firm Windward noted that conditions had deteriorated sharply, with renewed closure, vessel attacks, and large‑scale course reversals. Quotes Aref said that the security of the Strait of Hormuz is not free. One cannot restrict Iran’s oil exports while expecting free security for others. He added that the choice is clear: either a free oil market for all, or the risk of significant costs for everyone. Stability in global fuel prices depends on a guaranteed and lasting end to the economic and military pressure against Iran and its allies. Additional Context The Iran‑aligned Houthis have also threatened to close the Bab el‑Mandeb Strait on the Red Sea, which would cut off the alternative route for Saudi oil shipments and further delay the resumption of Middle East exports. Outlook With the Strait closed and maritime conditions volatile, drilling and rig operators should monitor shipping lanes closely and prepare for potential supply disruptions that could tighten market conditions and impact field development timelines.