Now Reading: Iran, Oman close to Strait of Hormuz deal, Tehran sets conditions
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Iran, Oman close to Strait of Hormuz deal, Tehran sets conditions
Iran, Oman close to Strait of Hormuz deal, Tehran sets conditions
Iran and Oman are close to an agreement on a new maritime traffic route through the Strait of Hormuz, Iranian Foreign Minister Seyyed Abbas Araghchi said on Saturday. Tehran says the previous…
The Story in Brief
Iran and Oman are close to an agreement on a new maritime traffic route through the Strait of Hormuz, Iranian Foreign Minister Seyyed Abbas Araghchi said on Saturday. Tehran says the previous traffic separation scheme is no longer acceptable and a temporary route is being discussed. However, Araghchi stressed that reopening the waterway depends on additional conditions, including compensation from the US for alleged violations of a 14-point memorandum of understanding signed in June.
A US official, speaking anonymously to Reuters, said Washington expects a deal soon and would lift its blockade of Iranian ports once commercial shipping resumes. Meanwhile, the UAE reported that an ADNOC vessel was hit by an Iranian missile in the Strait, with no casualties. Iran's Supreme National Security Council issued sweeping demands, including a permanent end to US hostilities and withdrawal of forces. The 60-day window to finalise a broader deal ends in just over a week.
The Indian Opinion
Iran’s new demands, compensation from the US, lifting of the blockade, and a permanent end to hostilities, risk drowning the Oman-mediated talks in maximalism. While Tehran blames Washington for violating the June MoU, the US wants an acceptable deal first before ending its blockade. Neither side can afford a deadlock: 20 per cent of global oil passes through the Strait. The real test will be whether the 60-day negotiation period is extended or abandoned.
Sources (2): english.mathrubhumi.com, greaterkashmir.com
This story was synthesised by AI from the 2 sources linked above.
