Iran's military maintains control over the Strait of Hormuz despite US sanctions, with Brigadier General Aziz Jafari stating that all movements in the strait are under Iranian control. However, Iran’s oil minister resigned amid speculation that crude exports had fallen to levels insufficient for state finances; US Treasury Secretary Bessent reported zero barrels of crude exported by Iran in September. The rial, Iran's currency, hit record lows, reaching over 270,000 tomans per dollar compared to around 135,000 tomans at the start of the year.
Written locally by qwen2.5:14b on 2026-10-05,
using this article's own text rather than the other coverage of the
same event (that is the story summary below).
Story summary
In late 2023, Iran insisted it maintained full control over the strategically vital Strait of Hormuz despite recent economic pressures and tensions with the United States. Brigadier General Aziz Jafari, commander of Iran's Khatam al-Anbiya Joint Air Defence Headquarters, stated all movements in the strait were under the Islamic Republic’s military control. Meanwhile, US Treasury Secretary Bessent claimed that no barrels of crude oil had been loaded onto tankers by Iran in September, signaling a significant drop in Iranian exports. The rial hit record lows, and Oil Minister Mohsen Paknejad resigned amid speculation about state financial needs not being met due to low oil revenue. Despite these challenges, the foreign minister suggested the strait could reopen within seven days if Tehran's conditions were met. Major General Ali Abdollahi also warned of retaliation against any Israeli aggression, emphasizing Iran’s military readiness and resolve in defending its interests.
Written for “Iran Economic Sanctions” on 2026-10-05,
grounded in this article and the 0 other(s) covering the same event.
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Leaning score withheld for article 57462: no verified evidence · logged 2026-10-05
Iran's military insisted it retained full control of Hormuz and the foreign minister said the strait could reopen within seven days if Tehran's conditions were met, after US Treasury Secretary Bessent said Iran had not loaded a single barrel of crude onto tankers in September.
uncertain
Iran → insist → September
Iran's military said on Monday it retained full control over the Strait of Hormuz despite changes in US tactics, as the rial fell to record lows, the oil minister resigned and Washington claimed Tehran had not exported a single barrel of crude in September.
asserted
Tehran → say → September
"All movements (in Hormuz) are under the control of the armed forces of the Islamic Republic," Brigadier General Aziz Jafari, commander of Iran's Khatam al-Anbiya Joint Air Defence Headquarters, said Monday.
asserted
Jafari → say → Headquarters
Hours before Oil Minister Mohsen Paknejad's resignation was announced, he said in a video released by Iranian media that revenue from oil already sold would be collected and the process would continue.
asserted
process → announce → oil
His departure was officially attributed to "family and personal matters," although speculation has mounted that exports have fallen to a level that no longer covers state financial needs.
asserted
that → attribute → needs
"Iran did not load any crude oil onto tankers in September.
asserted
Iran → load → September
The Trump administration is cutting off the Iranian regime's most vital source of revenue," US Treasury Secretary Scott Bessent wrote on X on Thursday.
asserted
Bessent → cut → Thursday
Pezeshkian had acknowledged in August that the blockade was disrupting exports.
asserted
blockade → acknowledge → exports
"We used to sell oil; now we cannot sell it," he said.
asserted
he → use → it
The new acting oil minister pledged to maximise production and continue exports through new strategies.
asserted
minister → act → strategies
Ship-tracking company Kpler recorded crude exports from the region excluding Iran at between 19.5 and 22.5 million barrels per day in the final week of September, above the pre-war regional average of 18 million barrels per day.
asserted
Kpler → track → day
The euro broke through 300,000 tomans on Iran's informal market, while the US dollar hit a record 270,000 tomans — more than double its level at the start of this year, when it stood at around 135,000 tomans.
asserted
it → break → tomans
The rial is Iran's official currency; one toman equals ten rials.
asserted
toman → equal → rials
The UK Maritime Trade Operations agency reported at least one attack a day in the Strait of Hormuz or the Gulf of Aden since 2 October.
asserted
agency → report → October
Major General Ali Abdollahi, chief of the armed forces general staff, warned international organisations and responded to Israeli Prime Minister Benjamin Netanyahu's visit to the United Arab Emirates.
"If for any reason Israel once again commits a miscalculation and starts another war, the fury of the armed forces will shatter its hopes and dreams," he said.
asserted
he → warn → hopes
"Be aware that if a new war against Iran begins, its flames will engulf everyone."
asserted
flames → begin → everyone
Foreign Minister Abbas Araghchi told foreign ambassadors in Tehran that the conflict had no military solution.
asserted
conflict → tell → solution
"If our enemies once again choose the path of military confrontation, our response will be firmer than before," he said.
asserted
he → choose → confrontation
"Only negotiations founded on justice and fairness can offer a way to end this conflict."
asserted
negotiations → found → conflict
He said the Strait could be fully reopened and shipping restored within seven days if Tehran's conditions were met and hostile measures lifted.
uncertain
measures → say → days
Parliament speaker Mohammad Bagher Ghalibaf said Iran had received proposals from Washington through intermediaries but would not accept one-sided demands.
asserted
Iran → say → demands
"The position of the Islamic Republic of Iran is completely clear and definitive, and until our seven conditions based on the Islamabad memorandum are met, the Strait of Hormuz will not be opened," Ghalibaf said.
asserted
Ghalibaf → base → Hormuz
The Aporia
