Iran Conditions Hormuz Reopening on 4 US Concessions as Traffic Stays at 5 Vessels
Updated
Updated · Mint · Aug 27
Iran Conditions Hormuz Reopening on 4 US Concessions as Traffic Stays at 5 Vessels
3 articles · Updated · Mint · Aug 27
Summary
Iran said Wednesday it will keep the Strait of Hormuz closed unless Washington accepts four demands: lift sanctions, end the naval blockade, unfreeze overseas assets and return to the June memorandum.
Hossein Mohebi of the IRGC said Iran and Oman had reached understandings on access and revenue sharing, but accused the US of obstructing the arrangement and rejecting Tehran’s push to charge ships for passage.
Only five commodity vessels crossed the strait on Tuesday, unchanged from a day earlier and far below the 10-day average of 15, while Brent crude rose 0.54% to $89.06 a barrel.
Washington has shown little sign of yielding: Marco Rubio told allies no fresh US strikes are planned for now, the Trump administration is emphasizing sanctions and maritime enforcement, and Trump said he was 'not in a hurry' for a deal.