Now Reading: Iran sets three conditions for reopening Strait of Hormuz to US
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Iran sets three conditions for reopening Strait of Hormuz to US
Iran says it will not reopen the Strait of Hormuz, through which a fifth of the world's traded oil normally passes, unless the US ends its blockade of Iranian ports, pays war…
The Story in Brief
Iran says it will not reopen the Strait of Hormuz, through which a fifth of the world's traded oil normally passes, unless the US ends its blockade of Iranian ports, pays war compensation, lifts economic sanctions, and releases frozen Iranian assets. Foreign Ministry spokesperson Esmail Baghaei said Monday that the onus is on Washington to 'stop and make amends for its illegal actions.'
Separately, Iran has appointed former Revolutionary Guard commander Mohsen Rezaei, 71, to head the Supreme National Security Council. The hardliner, who recently warned of 'serious risks' to US forces, replaces Mohammad Bagher Zolghadr. Israel declared a West Bank town a closed military zone to stop settler attacks. Yemen's Houthi attack on a Red Sea port killed seven, as shipping shifts to that route with Hormuz largely closed.
The Indian Opinion
The claim that Iran is simply 'blockading' the Strait of Hormuz ignores why it did so: the US-led blockade of Iranian ports and destruction of its oil infrastructure came first. Neither side can credibly play the victim. The real test is whether Rezaei, the hardliner appointed to Iran's security council, will actually negotiate or just posture. If he insists on compensation for 'war damage' before talks begin, expect the standoff to stretch past America's midterm elections, keeping global oil prices as the ultimate scorecard.
Source: newindianexpress.com
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