Iran signals Strait of Hormuz deal close, but ceasefire dispute lingers
Iran announced Saturday that it is nearing an agreement with Oman over control of the Strait of Hormuz but warned that its reopening would depend on other conditions, including compensation from the U.S. to Iran. The emerging deal would establish a new framework for managing traffic through the critical shipping corridor, where Iran has restricted...
Iran and Oman are close to an agreement on managing the Strait of Hormuz, according to Iranian Foreign Minister Abbas Araghchi. He said the talks were "approaching the final stages" but warned that reopening the strait depended on other conditions, including US compensation to Iran.
The Strait of Hormuz has been effectively blocked by Iran, which wants to charge users for passage, a move fiercely opposed by the US. The United Arab Emirates reported that Iran had targeted a tanker belonging to its state-owned Abu Dhabi National Oil Company (ADNOC) with a missile while it was transiting the strait, without causing casualties. ADNOC stated that 15 of its vessels had been attacked in Hormuz since the start of the war, including three vessels in the past week.
Before the US-Israeli strikes in February, the Strait of Hormuz carried around a fifth of the world's oil and liquefied natural gas. According to RTE News, a US official anticipated an agreement soon between Iran and Oman to resume normal oil traffic.
Brief written by urgent.news from The Hill, South China Morning Post, CBS News, RTE News, Free Malaysia Today — 5 reports on this story. Machine-written — it may contain errors, so check the original before relying on it.
