Iran ready to reopen Strait of Hormuz if US eases military pressure and lifts blockade
Tehran said the move could reopen a key energy route and cut oil market risks as talks with Washington continue through mediators.
- On Tuesday, a senior Iranian official announced Tehran could reopen the Strait of Hormuz within seven days if the United States eases military pressure and lifts its blockade on Iranian ports.
- The strategic waterway has been effectively closed since U.S.-Israeli strikes in late February, disrupting a vital energy corridor that previously handled around 20% of global oil and liquefied natural gas supplies.
- Global oil prices retreated on the news, with Brent crude futures falling 0.89 per cent to $99.45 per barrel, while Tehran's UN delegation received full authority to revive diplomatic talks.
- Iranian officials ruled out a direct meeting between President Masoud Pezeshkian and President Donald Trump at the United Nations General Assembly, tempering expectations despite the diplomatic overture.
- Military tensions persist alongside these diplomatic efforts, as Iranian forces warned of "painful retaliation" should the United States launch new strikes, despite Supreme Leader approval of the negotiation initiative.
184 Articles
184 Articles
Reports: Iran could reopen Strait of Hormuz within a week if U.S. lifts blockade
Iran said it could reopen the Strait of Hormuz to commercial ship traffic within a week if the U.S. lifts its blockade of Iranian ports and eases military pressure against the regime, according to media reports.
US dollar falters after Iran’s offer to reopen Hormuz sends oil lower
[BENGALURU/SINGAPORE] The US dollar whipsawed on Tuesday (Sep 22), weakening after hitting a near two-month high, in the wake of oil prices falling following Iran’s proposal to reopen the Strait of Ho... Read more at The Business Times.
Tehran is ready to open the Strait of Ormuz within a week, provided that US military pressure is relaxed and Iranian ports are lifted.
Iran claims that it could reopen the Ormuz Strait within seven days if the United States abandons military pressure and lifts the blockade on Iranian ports.
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