US and Iran discuss phased deal to reopen Hormuz and end US blockade: Reuters
The phased proposal would trade restored shipping access for relief from sanctions and could include frozen assets, Reuters reported.
- US and Iranian negotiators in New York explored a phased agreement to end the nearly seven-month conflict, involving Tehran reopening the Strait of Hormuz in exchange for Washington lifting its economic blockade.
- Washington's blockade has choked off Iran's oil exports, and this month the US targeted Iran's remaining commercial airlines and the Revolutionary Guards as part of a broader economic campaign.
- Former US negotiator Dennis Ross estimated a 30% chance for a deal before the midterms, noting that "The blockade is what's really squeezing the Iranians. It's strangling them," yet neither side wants to surrender leverage first.
- President Donald Trump warned that Iran's economy could "rot" unless it reached a deal, facing political pressure to stabilize Gulf oil supplies and lower domestic gasoline prices before November 3 midterm elections.
- Even as diplomatic discussions continue, Iranian officials warn "Our fingers are on the trigger," while Ebtessam al-Ketbi, president of the Emirates Policy Center, questioned whether "It's still not clear what Trump's endgame is, or what the alternative to the pressure campaign would be.
149 Articles
149 Articles
NEW: Iran, U.S. Discussing 'Phased Approach' To Fully Re-Open Strait of Hormuz In Matter Of Days
The United States and Iran are discussing a phased arrangement that would reopen the Strait of Hormuz to full commercial traffic within days if agreed conditions are met, according to officials and sources familiar with talks held on the sidelines of the United Nations General Assembly in New York. Iranian Foreign Minister Abbas Araghchi announced […]
Iran is trying to use the midterm elections to pressure Trump, an analyst believes. Now Tehran is offering to open the Strait of Hormuz and hold discussions about its nuclear energy program - in exchange for the US lifting the blockade on Iranian ports.
Negotiators from the US and Iran are currently looking for a gradual way out of the war in New York. However, both sides do not want to take the first step or give up their leverage, said insiders, including two Western diplomats.
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