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U.S. and Iran resume talks on reopening the Strait of Hormuz
Discussions focus on a phased approach under which Tehran would restore commercial shipping through Hormuz while the U.S. eases its blockade and the sides use a temporary ceasefire to continue broader negotiations.
OilPrice reports that the U.S. and Iran have resumed negotiations aimed at reopening the Strait of Hormuz after an earlier June arrangement that briefly reduced the standoff.
According to OilPrice, the talks follow a basic bargain that would involve reopening Hormuz, easing the U.S. blockade, and using a temporary ceasefire to address issues that neither side can settle immediately.
OilPrice says the latest discussions, held in New York, are focused on a phased plan in which Tehran would restore commercial shipping through Hormuz as negotiations continue.