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Iran says Oman deal is near, Strait of Hormuz reopening tied to US
The Strait of Hormuz carries about one-fifth of global oil and liquefied natural gas shipments, and Iran says it will not reopen the waterway until other conditions involving the United States are met.
Iran said a deal with Oman defining new shipping lanes in the Strait of Hormuz is in its final stages, but it said the waterway will only reopen after the United States meets other conditions. The comments came as a US official previously said an Iran-Oman agreement was close and could soon reopen the strait, according to SCMP Economy citing Reuters.
Iranian Foreign Minister Abbas Araqchi said on Sunday the agreement would spell out the new lanes to be used once the US fulfills the conditions and the strait is reopened. Araqchi added that Iran and the US are not in direct talks, and Tehran will not initiate them while Washington is breaching an interim deal signed in June, with messages exchanged via intermediaries.
The Strait of Hormuz carries about a fifth of global oil and liquefied natural gas shipments, before Iran blocked it in response to US and Israeli attacks. Reuters also reports the United States began air strikes on Iran in late February, saying they aimed to prevent Iran from acquiring nuclear weapons and from threatening the region with missiles or proxies.
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