The US naval blockade of Iranian ports, reinstated on July 14, 2026, after a brief suspension following the June Islamabad MoU, remains in active enforcement by CENTCOM as of mid-October. US forces have redirected over 135 vessels, disabled multiple ships, and destroyed IRGC-linked tankers, effectively halting Iranian crude exports while permitting only limited LPG and jet fuel movements via ship-to-ship transfers. Ongoing Iranian attacks on commercial traffic in the Strait of Hormuz, combined with demands for sanctions relief in stalled negotiations, have sustained the blockade. Trader sentiment reflects these enforcement realities and the absence of a comprehensive US-Iran agreement that would trigger an official announcement ending the measures. Scheduled diplomatic timelines or shifts in Strait security could influence near-term resolution prospects.