Despite these optimistic signals, the strait remained virtually shut as of August 4, with another ship coming under attack while trying to cross .
Even as negotiators inch toward a deal, Iran's hardline parliament has been working to lock in long-term control over the waterway. On August 6, 2026, a parliamentary committee began reviewing a preliminary draft bill that would permanently bar U.S., Israeli, and other "hostile" vessels from transiting the Strait of Hormuz .
Key provisions of the bill, formally called the "Strategic Action for the Security and Sustainable Management of the Strait of Hormuz" , include:
Hardline lawmakers had already tabled a related management plan in July 2026 . The bill's advance even as diplomatic progress is reported shows the depth of Iran's intent to assert sovereignty over the waterway.
The public accounts from Tehran and Washington are so divergent that it is difficult to determine which version of events is accurate.
As of August 7, Iran declared that "a U.S. victory shows no sign of materializing" , underscoring the deep gap in public framing.
The outcome of the Hormuz negotiations has immense implications for global energy markets. In peacetime, one-fifth of the world's oil supplies transited the Strait . The ongoing blockade and the risk of further escalation have already driven volatility in oil prices
. And the competing parliamentary and diplomatic tracks in Iran suggest that even if a temporary deal is reached, the legal framework for long-term control is being built in parallel.
The bottom line: Pezeshkian's domestic messaging of normalcy exists alongside a rapidly evolving crisis. A reopening deal may be close, but Iran's hardline parliament is simultaneously drafting legislation that could make a permanent resolution far more difficult.