Urgent.News

What's breaking now, across thousands of outlets.

World

Iran sets conditions for reopening Strait of Hormuz, top security official Rezaei says

Iran sets conditions for reopening Strait of Hormuz, top security official Rezaei says

Iran's top security official, Mohsen Rezaei, revealed on August 27 that Iran is preparing a list of conditions for reopening the strategically important Strait of Hormuz. Rezaei stated that ending the regional conflict was one of the key conditions Iran wants to see met. He added that Iran has agreed with Oman on a shipping corridor through the strait, with portions of the route passing through Omani waters and others in Iranian waters.

Ships would utilize a designated central channel if the United States fulfills Iran's stipulations, according to Rezaei, who spoke through an interpreter in an Al Manar TV interview.

Earlier reports indicated that Iran and Oman were still working on the specifics of an agreement concerning the waterway. According to a spokesperson for Iran's Revolutionary Guards, Iran would not allow the strait to reopen unless the United States lifts the blockade on Iranian ports, compensates Iran, and lifts sanctions. The Strait of Hormuz, which previously facilitated around one-fifth of global oil and liquefied natural gas shipments before the war began in February, has seen limited shipping traffic since then.

Ceasefire agreements reached by Washington and Tehran in April and June aimed to restore maritime trade, but these efforts have not succeeded.

Written by urgent.news from Investing.com's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

This story

This is one outlet's version. Read the fullest account.

Read the original at investing.com →

More in World

More from Thursday 27 August →