Iran gives US six days to meet conditions for reopening Strait of Hormuz: Report
Iran has granted the United States a six-day window to address its conditions for re-establishing access to the Strait of Hormuz. Key points include the lifting of U.S. sanctions on Iranian ports and the release of frozen Iranian funds. British Foreign Secretary Ed Miliband has engaged with Iranian Foreign Minister Abbas Araghchi amid rising tensions.
Recent preliminary data from Kpler reveals that 33.7 million barrels of crude oil traversed the Strait of Hormuz since the beginning of the week, maintaining export volumes similar to last week's levels. On Friday, Kpler's ship-tracking data indicated that a total of 49.2 million barrels of crude oil exited the strait over the previous week, with 19 tankers, including 17 Very Large Crude Carriers (VLCCs), making the journey.
Saudi crude was the predominant export, followed by Iraqi shipments. According to a US official, approximately 60 commercial vessels passed through the Strait of Hormuz on Wednesday, marking the highest daily volume of oil since early July. Saudi Aramco resumed exports through the strait after Red Sea port shipments from Yanbu were suspended due to attacks on the East-West pipeline earlier in the month.
However, Kpler's data for Thursday showed a decrease in vessel traffic to nine ships from 14 the previous day, though some vessels with transponders turned off are not included in these counts. Typically, the strait accommodates around 125 large commercial vessels daily, which contributes to about 20 percent of global daily crude oil and liquefied natural gas supplies.
Written by urgent.news from Ajel English's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 4 other outlets
- Iran reveals terms to reopen Strait of Hormuz as US considers peace proposal arabianbusiness.com
- Oil exports through Strait of Hormuz steady this week, data shows english.ajel.sa
- Iran says it has given US 'concrete' seven-day plan to reopen Strait of Hormuz news.sky.com
- Iran says Strait of Hormuz could reopen within seven days if US accepts deal politico.eu
