Hormuz Closed: Iran Demands 84% War's End
84%. That is where Gambity's market sits on the Strait of Hormuz remaining closed through Q3, and Iran's published demand list explains exactly why the number refuses to move lower. The structure here is not a negotiation — it is a signal disguised as one. Tehran has named conditions it knows Washington cannot meet while the Iran war continues, which means the closure is functionally permanent until the war's terminal condition is resolved. Meanwhile U.S. weapons stockpiles are eroding in real time, Yemen is fracturing toward civil war, and the Strait's reopening depends on a diplomatic architecture that has no foundation yet. The market is pricing the demand list as news. The demand list is not news — it is confirmation of what the posture already showed.
