President Trump contradicted Wall Street Journal's assessment of his Iran cease-fire as "premature victory," declaring it a complete victory on Truth Social. Trump predicted oil would "very quickly" resume flowing through the strategic waterway. The President later criticized Iran for blocking traffic through the Strait of Hormuz, agreeing with WSJ's editorial position that free navigation must be restored.

Iran's actions reveal a troubling picture for global energy markets. Despite the cease-fire, tanker traffic through the critical waterway has actually decreased compared to pre-agreement levels. Wednesday saw just four or five ships pass through, none oil tankers. Thursday witnessed eight dry bulk ships and three Iran-linked tankers crossing, while Friday recorded only one oil tanker successfully navigating the strait.

The disrupted shipping threatens global oil supply chains at a time when markets can ill afford such constraints. Iran's apparent hardening position contradicts Trump's victory narrative and creates uncertainty for energy traders. The situation underscores the fragility of diplomatic solutions in energy security matters and highlights the market impact of geopolitical tensions in one of the world's most vital shipping chokepoints.