- Iran’s Foreign Ministry spokesperson, Esmail Baghaei, has said a deal regarding the Strait of Hormuz is in the “final stage” of drafting.
- Speaking Wednesday, he said a joint statement will be issued “if certain parties do not obstruct this process,” apparently referring to the U.S.
- The agreement is likely to be contingent on the U.S. lifting its blockade on Iran’s ports.
Iran's Foreign Ministry spokesperson, Esmail Baghaei, announced that a shipping corridor deal for the Strait of Hormuz is nearing completion. The agreement is in the 'final stage' of drafting, with a joint statement anticipated if the U.S. does not obstruct the process.123
Baghaei emphasized that the deal's success is contingent on the U.S. lifting its blockade on Iranian ports. Before the conflict, approximately one-fifth of the world's oil and natural gas passed through this critical waterway. The ongoing tensions, exacerbated by U.S. and Israeli strikes on Iran since February, have heightened the stakes for this agreement.
The Strait of Hormuz is a vital shipping corridor, and any disruption could have significant implications for global energy markets. The Iranian government is keen to restore normalcy in shipping operations, which have been severely impacted by geopolitical tensions.
As negotiations progress, the international community watches closely, particularly regarding U.S. involvement and its potential impact on regional stability.
“The agreement is likely contingent on the U.S. lifting its blockade on Iran's ports, a condition that could stall progress. Baghaei's warning about obstruction suggests Washington's stance remains a key hurdle to finalizing the corridor.”
MS NOW
