Oil prices settled 5% higher on Monday after the demands dimmed prospects for a deal to reopen the strait. Strait of HormuzMohammad Bagher Zolghadr, secretary of Iran’s Supreme National Security Council, said that the Strait of Hormuz will not be reopened until the US “corrects its behavior”, Iranian media reported Saturday. The supreme leader also appointed Kioumars Heydari as deputy chief of staff of the Iranian armed forces, and Mostafa Izadi as the IRGC’s deputy commander, according to the statements. Meanwhile, the latest appointments come amid growing attention to a flurry of personnel changes among Iran’s senior leadership. Mojtaba Khamenei, the son of former Supreme Leader Ali Khamenei and Iran’s new supreme leader since his selection in March, has not appeared in public since taking office.