US, Iran discuss phased deal to reopen Hormuz and end US blockade, sources say
U.S. and Iran discuss phased deal to reopen Hormuz and end U.S. blockade, U.S. and Iranian negotiators in New York are exploring a phased path out of war that would involve Tehran reopening the Strait of Hormuz and Washington lifting its economic blockade of Iran, sources close to the talks said. The strait has become the central bargaining chip in efforts to end the nearly seven-month U.S.-Iran…
The United States and Iran are engaged in discussions aimed at a phased deal to reopen the Strait of Hormuz and lift the U.S. economic blockade on Iran, according to sources close to the talks. The Strait of Hormuz, a critical chokepoint, has become the focal point in the ongoing conflict between the two nations, with Iran desiring relief from the U.S. blockade that is adversely impacting its economy, and Washington seeking unimpeded passage for ships through the vital oil supply route currently blocked by Tehran.
The negotiations, which have taken place in New York, face a significant challenge as neither side is eager to relinquish its leverage. This standoff is underscored by a mutual recognition of the economic repercussions of a prolonged standstill. A senior Iranian official has suggested that a phased arrangement could be the most viable path forward, involving Iran's compliance with navigation through the Hormuz Strait in exchange for the U.S. waiving its economic sanctions.
However, the path to resolution is fraught with complications, as both parties are hesitant to be the first to abdicate their bargaining position. The two Iranian sources, alongside regional and Western diplomatic sources, have echoed this sentiment, hinting at a recognition within Iran that the impasse could only be broken through a mutually agreeable phased solution.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
