Iran stated that if the war ends, blockades and sanctions are lifted, navigation in the Strait of Hormuz will return to normal. Iranian Foreign Minister Araghchi said that if the war ends, blockades and sanctions are lifted, navigation in the Strait of Hormuz will return to normal. Speaking about the draft resolution of the UN Security Council, he added that the draft ignores the reasons behind the current situation in the Strait of Hormuz and blames the U.S. for using force and launching attacks on Iran. Currently, WTI prices have climbed back above $95, signaling that the market is not very optimistic about a full reopening of the Strait of Hormuz in the short term.