Hormuz Strait to remain shut until U.S. meets interim deal conditions, Iran says

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Hormuz Strait to remain shut until U.S. meets interim deal conditions, Iran says

AI Summary

Iran announced that the Strait of Hormuz will remain closed until the U.S. meets conditions of an interim deal including lifting port blockades, sanctions, and releasing frozen assets. Iranian official Mohammad Baqer Qalibaf communicated these terms publicly to parliament.

DUBAI, Aug 18 (Reuters) - The Strait of Hormuz will remain shut until the U.S. meets the conditions of an interim deal signed with Iran in June, the top Iranian negotiator Mohammad Baqer Qalibaf said in comments published by state media on Tuesday. These conditions include the U.S. lifting its blockade of Iranian ports, lifting oil sanctions, releasing Tehran's frozen assets, and ending threats and military operations on all fronts, Qalibaf told parliament.

World Politics Markets Commodities Energy Shipping Strait of Hormuz Iran U.S. sanctions oil embargo interim deal shipping blockade energy prices

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