Iran says deal on Strait of Hormuz is close but will not open the waterway by itself
Iran says a new shipping route could restore oil traffic, but officials also want U.S. compensation and other concessions before reopening the strait.
- On Saturday, Iran's Supreme National Security Council issued a statement declaring the Strait of Hormuz will remain closed until the United States "corrects its behavior," setting new conditions for reopening the crucial waterway.
- Council Secretary Mohammad Bagher Zolghadr demanded the United States permanently end military threats, withdraw forces, lift port blockades, and "completely compensate" Iran for war damage while "unconditionally" releasing frozen assets.
- Separately, Iranian Foreign Minister Abbas Araghchi said on Saturday that Tehran and Muscat are "very close" to reaching an agreement on a transit route, distinct from the council's broader demands.
- President Donald Trump said on Thursday that his team is "doing fine" in negotiations, though the United States has not yet commented on Iran's latest conditions for restoring Persian Gulf shipping.
- Negotiators face a 60-day deadline to finalize a deal, expiring in just over a week, with the agreement aimed at providing stability to global oil markets amid ongoing strait disruptions.
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481 Articles
Oil Prices Today: Iran-Hormuz Deal Fails to Reopen Strait as Oil Holds Above $80
The biggest economic development in the latest Iran war news is not a reopening of the Strait of Hormuz, but the possibility of a new shipping arrangement that could eventually restore traffic. Iran said Sunday that an agreement with Oman covering shipping lanes was in its final stages, while also saying the agreement alone would not reopen the waterway and that Washington would have to meet additional Iranian demands. That distinction is keepin…
Iran imposes conditions that would have been inconceivable before the start of the conflict, according to an analyst.
The Strait of Ormuz will remain blocked by Iran as long as the U.S. fails to comply with Tehran's demands, including lifting sanctions, unblocking assets, and paying compensation for wartime damage.
The Strait of Ormuz will remain locked as long as Washington does not accept "all" the conditions laid down by Tehran, assured the Guardians of the Revolution.
Kush e kontrollon Ngushticën e Hormuzit? Pretendimet e Iranit dhe Omanit
Irani thotë se është “shumë afër” një marrëveshjeje me Omanin për menaxhimin e Ngushticës së Hormuzit, por se një marrëveshje e vetme nuk do të jetë e mjaftueshme për të rihapur rrugën ujore jetësore.Ministri i Jashtëm i Iranit, Abbas Araghchi, tha se sipas marrëveshjes, anijet do të kalonin nëpër ngushticë nëpërmjet një rruge të përkohshme derisa vendet të bien dakord për një rrugë të re që do të zëvendësonte "Skemën historike të Ndarjes së Tra…
On Saturday 8, Iran's national security issued a list of requirements to be met by the White House for maritime traffic to be reopened
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