Iran ready to reopen Strait of Hormuz if US eases military pressure and lifts blockade
Tehran said the move could reopen a key energy route and cut oil market risks as talks with Washington continue through mediators.
- On Tuesday, Iran offered to reopen the Strait of Hormuz within seven days if the United States takes initial steps toward easing military pressure, according to a senior Iranian official speaking to Kyodo News.
- Supreme Leader Mojtaba Khamenei and the Supreme National Security Council approved the initiative as port restrictions squeeze Tehran's crude oil exports, a main revenue source.
- On Saturday, Supreme National Security Council Secretary Mohsen Rezaei presented Washington with seven conditions, including an end to the blockade of Iranian ports and the unfreezing of Iranian assets.
- Tehran plans to use the General Assembly gathering in New York to consult with intermediaries, though an official ruled out a meeting between Iranian President Masoud Pezeshkian and President Donald Trump.
- Tensions persist as an Aug. 16 deadline approaches, with the Supreme National Security Council having previously authorized Iran to retain the option of attacking U.S. forces if the blockade remains.
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Regarding the Strait of Hormuz, Iranian officials have said that they can reopen this route, which plays an important role in meeting the world's oil needs, in just seven days, but for this America will have to fulfill only one condition.
Iran ready to reopen Hormuz in 7 days, says UNGA is golden opportunity for US talks
Iran has offered to reopen the Strait of Hormuz within seven days if the United States eases military pressure and lifts the blockade on its ports. The proposal has opened a diplomatic channel at the UN even as both sides continue issuing warnings over further escalation.
"The US has to announce that it intends to resolve the issue diplomatically, formalize this position and then agree on a timetable for the progress of the process," said the same source.
On the news, the price of crude oil began to plummet.
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