Iran's Baghaei: No talks with US currently regarding Hormuz
Remarks from Iran's foreign ministry spokesperson, Esmail Baghaei, released during the European trading session on Monday, indicate that Tehran is in no discussions with the United States (US) regarding the reopening of the Strait of Hormuz, a critical chokepoint for almost 20% of global energy supp
Iran's foreign ministry spokesperson, Esmail Baghaei, stated on Monday that Tehran is not currently engaged in talks with the United States over reopening the Strait of Hormuz. Instead, Iran is working with Oman to establish a temporary safe route through the strategically important waterway, which accounts for nearly 20% of global energy supply.
Baghaei emphasized that reaching an agreement with Oman alone is not sufficient for the Strait's reopening as long as the US maintains its aggressive stance. The impact on oil prices remains unchanged despite Baghaei's comments, with WTI Oil trading 7.45% lower at approximately $78.70.
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