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Iran moves to block US, Israeli shipments from Strait of Hormuz
Iranian state media on Thursday reported that Tehran could attempt to block U.S. and Israeli shipments from transiting the Strait of Hormuz under its joint venture with Oman to reopen the critical waterway to commercial traffic. Members of Iran’s parliament are reviewing a proposed bill to block “hostile” vessels from moving through the choke point…
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Across these headlines, common terms include strait, hormuz, deal, iran, oman, trump.
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The president is also under mounting pressure to end an unpopular war ahead of midterm congressional elections scheduled for later this year.
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Iranian state media on Thursday reported that Tehran could attempt to block U.S. and Israeli shipments from transiting the Strait of Hormuz under its joint venture with Oman to reopen the critical waterway to commercial traffic. Members of Iran’s parliament are reviewing a proposed bill to block “hostile” vessels from moving through the choke point…
Iran and Oman are close to agreeing on new arrangements for the Strait of Hormuz, but not for a full reopening of the vital waterway, Iran's state news agency says.
Iran and Oman inched toward an agreement on the critical waterway that could ease pressure on the global economy and potentially help bring an end to the war.
Oil extended gains after a report that Iran attacked "hostile targets" in the Strait of Hormuz. Iranian media also reported that Tehran will seek to bar US and Israeli ships from the waterway. Bloomberg's Yongchang Chin reports. (Source: Bloomberg)
Trump's latest remarks signaling again that a deal with Iran to reopen the Hormuz Strait is close at hand drove oil prices lower and sent stocks soaring.
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Oman and Iran remain locked in negotiations about the future of the Strait of Hormuz, potentially running past the Thursday time frame expected by President Donald Trump. The foreign ministries of both nations confirmed Thursday that the geographic coordinates for a maritime route through the strait have been agreed upon, so long as “certain parties […]
Iranian Foreign Ministry Spokesperson Esmail Baghaei has said an agreement with Oman addressing the Strait of Hormuz is underway, but warned other countries not to interfere.
