News
Strait of Hormuz Remains Closed as US-Iran Talks Stall
The Strait of Hormuz remained closed on Sunday as tensions between Iran and the United States persisted, with both sides signalling that a final agreement remains distant despite ongoing negotiations.
Iranian officials said the key shipping route would not reopen unless Washington lifts its naval blockade of Iranian ports, a central sticking point in the talks. The waterway, through which roughly a fifth of the world’s oil and liquefied natural gas typically passes, has become a focal point in the broader conflict.
Mohammad Bagher Ghalibaf, speaker of Iran’s parliament, said there had been some progress in discussions but warned that major differences remained. In a televised address, he noted that negotiations were still far from reaching a final stage, with several unresolved issues between the two sides.
The latest developments follow high-level talks hosted in Pakistan that failed to produce a breakthrough. Mediation efforts are continuing, though uncertainty surrounds the future of a two-week ceasefire that is due to expire later this week.
Donald Trump said discussions with Tehran were ongoing and described them as constructive, but cautioned Iran against using the strategic waterway as a bargaining tool. He maintained that the US blockade would stay in place until a broader agreement is secured.
Iran had briefly announced that the strait would reopen after a ceasefire linked to fighting in Lebanon, which had raised hopes in global markets and led to a drop in oil prices. However, Tehran reversed that decision shortly afterward, citing the continuation of US restrictions on its ports.
Iranian leaders have taken a firm stance on the issue. Mojtaba Khamenei said the country’s naval forces were prepared to respond to any escalation, while officials warned that vessels attempting to pass through the strait without approval could face consequences.
Shipping activity in the area has slowed sharply. A small number of tankers were reported to have crossed during the brief reopening, but most vessels have since avoided the route. Maritime security agencies have also reported several incidents, including gunfire directed at a tanker and damage to another vessel from an unidentified projectile.
The situation has drawn international concern. India summoned Iran’s ambassador following reports involving Indian-flagged ships, highlighting the broader risks to global trade and energy supplies.
As negotiations continue, the status of the Strait of Hormuz remains uncertain, with both sides holding firm on key demands and the risk of further disruption to international shipping still present.
News
Iran Says Hormuz Can Reopen Within Seven Days as Oil Exports Come Under Pressure
Iran’s military said it retained full control of the Strait of Hormuz on Monday, while Foreign Minister Abbas Araghchi said the strategic waterway could be fully reopened within seven days if Tehran’s conditions were met and hostile measures against the country were lifted.
The statements came as Iran faced growing economic pressure, with the rial falling to record lows, Oil Minister Mohsen Paknejad resigning and the United States claiming that Tehran had not loaded any crude onto tankers during September.
Brigadier General Aziz Jafari, commander of Iran’s Khatam al-Anbiya Joint Air Defence Headquarters, said all movements through the Strait remained under the control of the Iranian armed forces despite changes in US tactics.
“All movements (in Hormuz) are under the control of the armed forces of the Islamic Republic,” Jafari said.
US Treasury Secretary Scott Bessent said on Thursday that Iran had not loaded crude oil onto tankers during September, arguing that the Trump administration was targeting Tehran’s main source of revenue.
Iranian President Masoud Pezeshkian acknowledged in August that restrictions were disrupting oil exports, saying the country had previously been able to sell oil but was now unable to do so at the same level.
Paknejad’s resignation was officially attributed to family and personal matters. However, his departure came amid speculation about the impact of reduced oil exports on government finances. Before his resignation was announced, Paknejad said in a video carried by Iranian media that revenue from oil already sold would be collected and that the process would continue.
The acting oil minister has pledged to maximise production and maintain exports through new strategies.
Despite pressure on Iranian exports, oil shipments from other parts of the region remained high. Ship-tracking company Kpler estimated crude exports from the region excluding Iran at between 19.5 million and 22.5 million barrels per day during the final week of September, compared with a pre-war regional average of about 18 million barrels per day.
Iran’s currency has also come under severe pressure. The euro rose above 300,000 tomans on the informal market, while the US dollar reached 270,000 tomans, more than double its level of about 135,000 tomans at the beginning of the year. One toman is equal to 10 rials.
The UK Maritime Trade Operations agency reported at least one attack each day in the Strait of Hormuz or the Gulf of Aden since October 2.
Araghchi told foreign ambassadors in Tehran that the conflict could not be resolved militarily and called for negotiations based on fairness. He warned that any renewed military confrontation would trigger a stronger Iranian response.
Parliament Speaker Mohammad Bagher Ghalibaf said Tehran had received US proposals through intermediaries but rejected what he described as one-sided demands.
He said the Strait would remain closed until Iran’s seven conditions, based on the Islamabad memorandum, were met.
News
SpaceX crew reaches International Space Station in record US transit
News
Trump, Vance begin midterm campaign push as Republicans confront economic concerns
-
Entertainment2 years agoMeta Acquires Tilda Swinton VR Doc ‘Impulse: Playing With Reality’
-
Sports2 years agoChina’s Historic Olympic Victory Sparks National Pride Amid Controversy
-
Business2 years agoSaudi Arabia’s Model for Sustainable Aviation Practices
-
Business2 years agoRecent Developments in Small Business Taxes
-
Home Improvement2 years agoEffective Drain Cleaning: A Key to a Healthy Plumbing System
-
Politics2 years agoWho was Ebrahim Raisi and his status in Iranian Politics?
-
Sports2 years agoKeely Hodgkinson Wins Britain’s First Athletics Gold at Paris Olympics in 800m
-
Business2 years agoCarrectly: Revolutionizing Car Care in Chicago
