Iran wants sanctions relief in exchange for toll-free Hormuz transit

Iran is reportedly negotiating a toll-free passage through the Strait of Hormuz in exchange for sanctions relief, according to sources cited by The National. This move comes as the US, Iran, and other countries attempt to navigate the ongoing peace talks mediated by Pakistan, Qatar, and others. Iran has been attacking shipping in the strategically vital waterway in an attempt to gain leverage during the negotiations.

The US has imposed sanctions on Iran over its nuclear program and support for militant groups like Hezbollah. Under the June framework agreement, sanctions were to be lifted according to a schedule negotiated in the final deal. However, the US Treasury revoked a waiver for Iranian oil sanctions in early July following attacks on tankers in the strait.

Sources familiar with the discussions revealed that talks with Oman have reportedly produced understandings on several routes for entering and exiting the strait, aimed at ensuring safety, stability, and security in transit operations. The new route would involve a temporary "middle" path for two to four months, with no tolls or fees.

Meanwhile, Pakistan hopes that an agreement over the Strait of Hormuz will lead to the resumption of talks between Iran and the US for a permanent peace deal.