Iran's Tasnim news agency says Hormuz will not reopen until Lebanon ceasefire holds, oil waivers issued

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Iran's Tasnim news agency says Hormuz will not reopen until Lebanon ceasefire holds, oil waivers issued

AI Summary

Iran's Tasnim news agency reports that the Strait of Hormuz will remain closed until a ceasefire in Lebanon is maintained and waivers for Iranian oil sales are issued. This intertwines geopolitical tensions in the Middle East with critical energy transit routes and sanctions.

June 21 (Reuters) - Iran's Tasnim news agency, citing a source close to the negotiating team, reported on Sunday that the Strait of Hormuz would not be reopened as long as a ceasefire in Lebanon was not respected. The source said the waterway would also remain closed until waivers allowing the sale of Iranian oil were issued. (Reporting by Eman Abouhassira, Editing by Louise Heavens)

World Politics Markets Commodities Energy Shipping Iran Strait of Hormuz Lebanon ceasefire oil waivers Middle East energy transit sanctions

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