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U.S. rejects Iran draft plan to restrict Hormuz Strait access

The reported draft would allow access through the Strait of Hormuz only for ships from the U.S. and Israel, a term the U.S. quickly dismissed.

Reported · Written up by our desk · Trade & Tariffs

CNBC Markets reports the U.S. moved to reject the terms of an Iranian draft plan that would reopen the Strait of Hormuz to shipping while restricting access to vessels from the U.S. and Israel.

According to CNBC World, the U.S. rejected the proposal and characterized it as containing unacceptable impediments.

The reporting indicates the draft plan was framed as an opening of the strait, but the U.S. position centers on the exclusionary nature of the access terms.

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