Iran says Strait of Hormuz deal 'close' but reopening depends on other conditions
Iran and Oman are nearing an agreement on a temporary shipping route through the Strait of Hormuz. However, Iran has attached several conditions to the deal, including the lifting of sanctions and an end to US-led regional aggression.
Why it matters
The Strait of Hormuz is a critical global energy chokepoint, and any disruption or negotiation regarding its transit has significant implications for global oil prices and regional security.
Iran's President Masoud Pezeshkian, a relative moderate, said he believed now was the best time for an agreement. ( AFP: Iranian Presidential Office )
This is your three-minute briefing on the key developments overnight in the Middle East.
Link copied Share Share article Hello. It is 53 days (as of Sunday 09/08) since the ceasefire between the United States and Iran was signed and 11 days since strikes resumed.
Here's what you need to know to catch up quickly.
Iran and Oman are "very close" to reaching an accord on a new shipping route through the Strait of Hormuz, Iranian Foreign Minister Abbas Araghchi said on Saturday, though he said there would be conditions.
These included compensation for what Tehran says were US violations of the Islamabad memorandum of understanding.
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