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 to reach a phased agreement that would see Tehran reopening the Strait of Hormuz and Washington lifting its economic blockade on Iran, according to sources familiar with the talks. The strait has emerged as the focal point in the efforts to resolve the nearly seven-month-long conflict between the two nations.
Iran is seeking an end to the U.S. blockade that is adversely affecting its economy, while the United States aims to ensure free passage for ships on the global oil supply route. However, both sides are reluctant to cede their respective leverage, presenting a significant hurdle to the negotiations. Despite Iran's firm stance, there is an underlying acknowledgment of the economic repercussions of an ongoing standoff.
A senior Iranian official has hinted that a phased arrangement, involving Iran's cooperation in allowing navigation through Hormuz in exchange for the U.S. lifting the economic blockade, could be the most viable path to resolving the impasse.
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.
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