Iran officially rejected a diplomatic proposal put forward by Oman for a regional coalition to jointly manage and secure the Strait of Hormuz. Tehran insisted that maritime control must remain strictly bilateral between Iran and Oman without external or Western involvement. Simultaneously, the Iranian Revolutionary Guard Corps claimed to have halted three commercial oil tankers navigating through the strait. The heightening tensions surrounding the key oil transit chokepoint triggered an immediate spike in global crude oil futures, which surged over 3% in global trading markets.
