A Deal with Iran over the Strait of Hormuz May Require a Compromise From Trump
Officials said the temporary route would let ships enter through Iranian waters and exit through Oman’s, with final approval still pending.
- On Friday, President Donald Trump stated that gas prices would rise only if the United States conducted another military strike against Iran, while asserting that Iranian leaders want a deal to avoid further attacks.
- U.S. gasoline prices fell three cents to $4.06 per gallon in the week ending August 6, according to AAA, as optimism grew that shipping through the Strait of Hormuz might resume.
- Helima Croft, global head of commodity strategy at RBC Capital Markets, warned that market participants exhibit "tremendous optimism bias" regarding a potential deal resetting the Middle East status quo.
- Despite Iranian Deputy Foreign Minister Kazem Gharibabadi reporting "understandings in principle" on a shipping proposal, Iranian state media indicated a draft plan that would block U.S. and Israeli ships from the waterway.
- ING analysts cautioned in a Friday note that negotiations remain unlikely to proceed smoothly, citing fundamental disagreements over whether Iran can impose service fees or international free waters must be restored.
170 Articles
170 Articles
The political black hole over the Strait of Hormuz
The absence of Iran’s supreme leader, doubts about his condition and internal power divisions are turning the country into a failing state — spreading chaos as far as China. What will Beijing do? Iranian regime media have claimed the emerging Iran-Oman deal would let Iran maintain control of the Strait of Hormuz. Still, many in […] The post The political black hole over the Strait of Hormuz appeared first on Asia Times.
Reopening of the Strait, says Tehran, will depend on the U.S. to fully accept its conditions
Strait of Hormuz will reopen only if US meets our conditions
Iran’s Islamic Revolutionary Guard Corps, IRGC, has said the reopening of the Strait of Hormuz will depend on the United States accepting conditions set by Tehran, pushing back against reports that negotiations between Iran and Oman could lead to the immediate reopening of the strategic waterway. IRGC spokesman, Hossein Mohebbi, quoted by Iran’s Tasnim news […] Strait of Hormuz will reopen only if US meets our conditions – Iran
According to the guards of the revolution, the reopening of the Strait of Ormuz depends on the conditions imposed on the United States by Iran, not on negotiations with Oman.
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