US EditionEuropean Allies Talk with Iran to Seek Safe Passage Through Hormuz: Report
France and Italy engage Iran in diplomacy to ensure secure shipping lanes amid disruptions causing a fifth of global oil supply to be affected, officials said.
- On Friday, France and Italy opened diplomatic channels with Iran to secure safe passage through the Strait of Hormuz, the Financial Times reported citing people briefed on the efforts.
- Amid the war, Iran attacked ships in the Strait of Hormuz, disrupting a conduit for one-fifth of global oil, pushing pump prices higher with U.S. retail diesel at $4.89 and a 30-day licence for Russian oil issued.
- Regional conversations extended beyond Europe to South Asian partners as Iran discussed flag-transit and early-notification with Bangladesh, according to reports earlier this week.
- The diplomatic push aims to restart energy shipments from the Gulf, officials said, and Newsweek sought comment from the White House on Friday morning.
- Neutral transits and ongoing talks could reshape shipping arrangements amid the crisis, as a Liberia-flagged tanker carrying Saudi crude transited the strait this week and the International Energy Agency reported historic supply disruption on Thursday.
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Europeans are considering talks with Tehran to secure safe oil transports again.
FT Report: France and Italy Quietly Seek Deal With Iran to Safeguard Shipping Through Hormuz
Europe’s energy anxieties have surged to the forefront of international politics as tensions in the Persian Gulf threaten one of the most critical arteries of the global economy: the Strait of Hormuz.
France, Italy open talks with Iran over Hormuz passage; Italy denies FT report
PARIS/ROME, March 13 - France and Italy have opened talks with Iran seeking to negotiate a deal to guarantee safe passage for their ships through the Strait of Hormuz, the Financial Times reported on Friday, although Italy denied the report. Read more at straitstimes.com.
According to the Financial Times, talks were started between several European countries and Tehran to gain access to the Strait of Ormuz. On Thursday, however, the new Iranian Supreme Guide Mojtaba Khamenei called for the closure of this ultra-strategic maritime passage.
Shipments through the narrow entry point into the Gulf, through which about a fifth of the world's oil and liquefied natural gas passes, are negligible after the Iranian attacks.
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