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Strait of Hormuz : Iran to Block Transit Until US Lifts Its Blockade
Tehran said 5% of global oil and liquefied natural gas flows through the waterway will stay blocked until Washington ends its naval blockade.
- On Saturday, Tehran announced it was re-shuttering the Strait of Hormuz, declaring the waterway will remain closed until the United States lifts its naval blockade on Iranian ports.
- Friday's brief reopening followed a ceasefire in Israel's war with Hezbollah in Lebanon, though Mohammad Bagher Ghalibaf warned a final peace agreement remains "far" off.
- Revolutionary Guards warned that unauthorized vessels in the strait would be "targeted," while The Indian summoned the Iranian ambassador in New Delhi to protest a "shooting incident" involving two Indian-flagged ships.
- Trump warned Tehran against trying to "blackmail" Washington, despite "very good conversations" regarding Iran's 440 kilograms of enriched uranium, while Iran maintains the stockpile is "not going to be transferred anywhere" to the United States.
- A two-week ceasefire is set to end Wednesday, complicating efforts following the killing of a French UN peacekeeper in Lebanon, as Secretary-General Antonio Guterres condemned the attack, which UNIFIL attributed to Hezbollah.
19 Articles
19 Articles
Watauga Democrat
Strait of Hormuz to stay closed until port blockade lifts, Iran says
The crucial Strait of Hormuz will not reopen until the United States lifts its naval blockade on Iranian ports, Tehran said Saturday, as a top official warned that a final peace deal remained "far" off.
US Negotiators Will Be in Pakistan on Monday for Talks: Trump
Iranian authorities had said that they are not yet ready to hold a new round of face-to-face talks with US officials, a senior Iranian official said Saturday, citing Washington's refusal to abandon \"maximalist\" demands on key issues
Financial speculation is imposing a heavy price in this war
I note this chart of the oil price over the last year. It comes from the invaluable Trading Economics website. It is correct to Last Friday afternoon. The tumbling price over the last week or so reflects market belief that, despite all the evidence, Donald Trump and Benjamin Netanyahu were going to honour their ceasefire agreement with Iran and that, as a consequence, oil would flow once more through the Strait of Hormuz. In contrast, as I have…
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