Strait of Hormuz remains all but closed, despite Iran ceasefire deal

Iran "will bring the management of the Strait of Hormuz into a new stage" during negotiations with the U.S., the country's supreme leader Mojtaba Khamenei said in a new public message Thursday. Why it matters: The Strait of Hormuz — a narrow waterway off Iran's southern coast vital to the normal functioning of the global economy — remains effectively closed. That's despite the fact that the openi