• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Anne Hathaway says she was spammed with ChatGPT-written thank you notes after hiring for a recent role: ‘Nobody on that list gets that job’

2

The affordability crisis is so bad that, for the first time ever, both mom and dad are working full-time in most American families

3

Current price of oil as of June 18, 2026

1

Anne Hathaway says she was spammed with ChatGPT-written thank you notes after hiring for a recent role: ‘Nobody on that list gets that job’

2

The affordability crisis is so bad that, for the first time ever, both mom and dad are working full-time in most American families

3

Current price of oil as of June 18, 2026
PoliticsIran

Iran’s Hormuz whiplash highlights divide within regime as U.S. blockade tightens. ‘The fight between different factions has started’

Jason Ma
By
Jason Ma
Jason Ma
Weekend Editor
Down Arrow Button Icon
Jason Ma
By
Jason Ma
Jason Ma
Weekend Editor
Down Arrow Button Icon
April 18, 2026, 12:29 PM ET
The USS Abraham Lincoln conducts U.S. blockade operations in the Arabian Sea, April 16, 2026.
The USS Abraham Lincoln conducts U.S. blockade operations in the Arabian Sea, April 16, 2026.Courtesy of the U.S. Navy
Add Fortune on Google for similar content.

Iran’s military declared the Strait of Hormuz closed again on Saturday after a head-spinning 24 hours of mixed messages from the regime that underscored friction between competing power centers.

Recommended Video

Early Friday, Foreign Minister Abbas Araghchi said the strait was “completely” open to ships that followed Iran’s established route. President Donald Trump also announced Iran had reopened the narrow waterway, sparking a massive stock market rally.

But the Islamic Revolutionary Guard Corps soon asserted it remained in firm control of the strait. Iran’s Tasnim news agency, which is affiliated with the IRGC, also took the unusual step of criticizing Araghchi’s declaration that the strait was fully open, calling it “a complete lack of tact in information dissemination.”

Fars, another IRGC-linked news agency, piled on Araghchi, saying that “following the unexpected tweet from the foreign minister about the liberation of the Strait of Hormuz, Iranian society has been plunged into an atmosphere of confusion.”

Since the U.S. and Israel launched their war against Iran in late February and killed Supreme Leader Ali Khamenei, along with several other top leaders, the IRGC has taken a more assertive role in the regime’s military and diplomatic responses.

While IRGC commanders have also been killed, the remaining officers are seen steering Iran toward a more hard-line, combative stance, favoring continued fighting instead of a ceasefire deal that would erode its main source of leverage over the U.S.—the Strait of Hormuz.

Saeid Golkar, an Iran expert at the University of Tennessee at Chattanooga, said Khamenei’s death divided the country’s leadership.

“Because the main arbitrator is gone, the fight between different factions has started,” he told the Wall Street Journal.

Guided-missile destroyer USS McFaul makes its approach alongside fleet replenishment oiler USNS Henry J. Kaiser during Operation Epic Fury, March 27, 2026.
Courtesy of the U.S. Navy

Similarly, the Institute for the Study of War said in a note on Friday that the IRGC’s criticism of Araghchi is “reflective of broader divisions within the Iranian regime.”

It also cited reports that internal disagreements within the regime disrupted the ceasefire talks in Islamabad last weekend, indicating that different Iranian factions have very different negotiating positions.

“The factional infighting in the regime has been exacerbated by the death of former Supreme Leader Ali Khamenei, who used to cohere the regime’s various factions and act as an arbiter between the factions,” ISW added. “The absence of a strong leader to keep IRGC factions in line means that these factions will likely continue to play a dominant role in shaping Iranian decision-making.”

The IRGC warned that the U.S. naval blockade on Iran would prevent the strait from reopening. On Friday, Trump insisted the blockade would continue until a deal is reached.

Adm. Brad Cooper, head of U.S. Central Command, told reporters Friday that the blockade can be sustained “as long as necessary,” adding that no ships have been able to evade it and that U.S. forces have also been removing mines from the Gulf.

Meanwhile, Lloyd’s List Intelligence said at least five Iran-linked tankers heading to Malaysia have changed course since the U.S. Navy tightened its interdiction operation to include ships carrying Iranian oil around the world. 

Chairman of the Joint Chiefs of Staff Gen. Dan Caine during a press briefing at the Pentagon, April 16, 2026.
SAUL LOEB—AFP/Getty Images

With the U.S. targeting Iran’s oil revenue via a naval blockade, the economy as well as the IRGC’s source of funds will come under more strain.

On Saturday, ships in the Persian Gulf reported coming under attack from projectiles and small fast-attack boats, which the IRGC is known to use.

But Iran’s military leadership also signaled diplomacy is still ongoing, with state television saying the Supreme National Security Council is discussing new U.S. proposals for a peace deal.

Gregory Brew, a senior analyst covering oil and Iran for Eurasia Group, downplayed the disagreement within the regime, though Trump’s rush to declare Hormuz open made matters worse.

“Such public spats between diplomats and ‘the battlefield’ are not unusual, though there haven’t been many during the war,” he explained in a post on X on Saturday. “Evidence of miscommunication, not serious divisions. Though the outcome—a firmer line from IRGC and SNSC, kinetic actions against tankers, silence from MFA [Ministry of Foreign Affairs]—aligns with the broader trend of the military’s expanding power.”

Subscribe to Fortune Gulf Brief. Every Tuesday, this new newsletter delivers clear-eyed, authoritative intelligence on the deals, decisions, policies, and power shifts shaping one of the world’s most consequential regions, written for the people who need to act on it. Sign up here.
About the Author
Jason Ma
By Jason MaWeekend Editor

Jason Ma is the weekend editor at Fortune, where he covers markets, the economy, finance, and housing.

See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Politics

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Politics

The week that changed AI: Inside Trump’s Anthropic crackdown, and how a phone call from Amazon CEO Andy Jassy triggered the chaos
AIAnthropic
The week that changed AI: Inside Trump’s Anthropic crackdown, and how a phone call from Amazon CEO Andy Jassy triggered the chaos
By Sebastian Herrera and Beatrice NolanJune 18, 2026
5 hours ago
‘Iran just basically put its wish list into this’: The Trump-Iran agreement gives Iran a free pass on nuclear treaty violations pending final deal
Middle EastDonald Trump
‘Iran just basically put its wish list into this’: The Trump-Iran agreement gives Iran a free pass on nuclear treaty violations pending final deal
By Mia OsmonbekovJune 18, 2026
11 hours ago
Sanders stands at a podium with a poster that reads "fight oligarchy"
PoliticsBernie Sanders
‘Make AI work for ordinary people’: Bernie Sanders wants to pay you $1,000 every year from a government stake in AI companies 
By Jacqueline MunisJune 18, 2026
12 hours ago
z
PoliticsElections
Zohran’s primary of power: the Democrat that Republicans fear most runs New York City
By Steve Peoples, Anthony Izaguirre, Matt Brown and The Associated PressJune 18, 2026
16 hours ago
hegseth
EuropeNATO
Pete Hegseth flew to NATO, told allies they might fail his review, and caught an early flight home
By Lorne Cook and The Associated PressJune 18, 2026
16 hours ago
We’ve now got the full text of the U.S.-Iran peace deal—and allies are appalled at the gains it hands to Iran
BankingMarkets
We’ve now got the full text of the U.S.-Iran peace deal—and allies are appalled at the gains it hands to Iran
By Jim EdwardsJune 18, 2026
19 hours ago

Most Popular

Anne Hathaway says she was spammed with ChatGPT-written thank you notes after hiring for a recent role: ‘Nobody on that list gets that job’
Success
Anne Hathaway says she was spammed with ChatGPT-written thank you notes after hiring for a recent role: ‘Nobody on that list gets that job’
By Orianna Rosa RoyleJune 18, 2026
23 hours ago
The affordability crisis is so bad that, for the first time ever, both mom and dad are working full-time in most American families
Economy
The affordability crisis is so bad that, for the first time ever, both mom and dad are working full-time in most American families
By Jacqueline MunisJune 17, 2026
1 day ago
Current price of oil as of June 18, 2026
Personal Finance
Current price of oil as of June 18, 2026
By Joseph HostetlerJune 18, 2026
17 hours ago
Hundreds of Stanford students walked out of their grad ceremony to protest Google CEO’s commencement speech. It wasn’t all about AI
Big Tech
Hundreds of Stanford students walked out of their grad ceremony to protest Google CEO’s commencement speech. It wasn’t all about AI
By Tristan BoveJune 15, 2026
4 days ago
Microsoft boss Steve Ballmer publicly dismissed Chrome as a 'rounding error'—but Google’s CEO says he used the jab as fuel to win the browser-wars
Success
Microsoft boss Steve Ballmer publicly dismissed Chrome as a 'rounding error'—but Google’s CEO says he used the jab as fuel to win the browser-wars
By Preston ForeJune 17, 2026
2 days ago
'Work hard, stay loyal, and the system will reward you': the Boomer credo is a Gen X betrayal and a Millennial pipe dream
Success
'Work hard, stay loyal, and the system will reward you': the Boomer credo is a Gen X betrayal and a Millennial pipe dream
By Nick LichtenbergJune 16, 2026
3 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.