Oil rises after Iran doubles down on Strait of Hormuz closure
CNN reported on April 27 that oil prices rose after an Iranian official warned the Strait of Hormuz would "under no circumstances" return to its previous state, with Tehran accusing Washington of undermining the diplomat.
At a glance
- An Iranian official said Hormuz would 'under no circumstances' return to its previous state, per CNN
- Oil prices rose on the April 27 warning
VERDICT — CONFIRMED

CNN reported on April 27 that oil prices rose after an Iranian official warned the Strait of Hormuz would "under no circumstances" return to its previous state, with Tehran accusing Washington of undermining the diplomatic track. The warning kept a closure premium in crude at the start of the trading week. Hormuz's status — the war's central market variable — remained the pivot for energy pricing, per the report.
Key facts on file
- An Iranian official said Hormuz would 'under no circumstances' return to its previous state, per CNN
- Oil prices rose on the April 27 warning