US-Iran talks reportedly advance toward temporary Strait of Hormuz reopening
The US, Iran, and Oman are reportedly nearing an interim deal to reopen the Strait of Hormuz to shipping. The agreement would involve a 60-day period of joint administration and demining efforts to stabilize the region.
Why it matters
The Strait of Hormuz is a critical global energy chokepoint; any agreement to stabilize it has major implications for global oil prices and geopolitical security.
The US, Iran, and Oman are close to an interim deal that would reopen the Strait of Hormuz, Axios reported early Wednesday morning, citing two regional sources and a US official.According to the sources, Washington is aiming for the agreement to be announced on Wednesday. The deal has been under negotiations for several weeks and is aimed at resuming ceasefire talks between Washington and Tehran that would restart negotiations for a nuclear deal, according to the report.
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