White House · China · Donald Trump · Iran · Strait of Hormuz · Israel · Fortune Technology
U.S., Iran stall on Hormuz reopening as oil supplies tighten
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Iran said transit through the critical Strait of Hormuz will flow once the conflict with the US and Israel is over, but the sides are no closer to resolving their differences or finding a path to achieve it.
Key facts
- Chinese Foreign Minister Wang Yi said Friday that the strait should be opened to shipping as soon as possible, according to state-run Xinhua News Agency
- The Treasury Department has escalated those penalties in recent weeks as the US tries to pressure Tehran on talks
- President Donald Trump returned from a two-day summit with Iran’s close ally, China’s Xi Jinping, where both agreed the strait should be open but made no apparent progress toward that goal
- I’m going to decide over the next few days,” Trump said aboard Air Force One when asked if he’d consider lifting the sanctions
Summary
President Donald Trump returned from a two-day summit with Iran’s close ally, China’s Xi Jinping, where both agreed the strait should be open but made no apparent progress toward that goal. Iran has shown little interest in loosening its hold on the waterway, insisting it wants to maintain a degree of control even after the end of the war. “Naturally, once the current state of insecurity is resolved, navigation conditions in the Strait of Hormuz will return to normal,” Iranian President Masoud Pezeshkian was cited as saying by the semi-official Mehr news agency. Iran will implement effective and professional monitoring and control mechanisms in the Strait of Hormuz within the framework of international law, Pezeshkian said without elaborating.