Iran drafts conditions for reopening Strait of Hormuz to full traffic

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Iran drafts conditions for reopening Strait of Hormuz to full traffic
PrimeXBT Editorial Team
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Iran is preparing a formal list of conditions for reopening the Strait of Hormuz, according to Mohsen Rezaei, secretary of the country's Supreme National Security Council. Iran and Oman have already agreed a shipping corridor through the strait, but full use of a central channel depends on a separate memorandum with Washington.

Iran is compiling a formal list of conditions it wants met before allowing the Strait of Hormuz to reopen fully, Mohsen Rezaei, secretary of the country's Supreme National Security Council, said in an interview with Al Manar TV. Speaking through an interpreter, Rezaei said Tehran is drafting the document at the request of mediators involved in ongoing talks, and that ending the broader regional war is among the conditions Iran plans to present to the United States.

Iran and Oman agree a shipping corridor

Rezaei's comments came alongside confirmation that Iran and Oman have reached an agreement on a shipping corridor through the strait, with the route split between sections of Omani and Iranian territorial waters. That arrangement appears to build on earlier reporting this week that Iran's Revolutionary Guards had said the two countries agreed on how to share control of the strait and its associated revenues. The technical details of the Iran-Oman track appear to be advancing even as broader political conditions remain unresolved.

However, Rezaei drew a distinction between that corridor arrangement and a separate, more consequential channel. He said ships would be permitted to use a designated central channel only once the United States meets Iran's conditions, tying fuller access to a memorandum of understanding still to be negotiated between Tehran and Washington. That framing suggests current transit arrangements, including the corridor agreed with Oman, fall short of restoring normal shipping patterns through the waterway.

A harder line from the Revolutionary Guards

Rezaei's remarks sit alongside a more hardline position aired earlier in the week by a spokesperson for Iran's Revolutionary Guards, who said Iran would not allow the strait to reopen unless Washington lifts what Tehran describes as a blockade of Iranian ports, pays compensation for damages, and removes sanctions on the country. Whether Rezaei's list, once finalized, aligns with those demands or represents a narrower set of asks was not made clear in his comments. The apparent gap between the two sets of statements underscores the difficulty of reading a single, coherent Iranian negotiating position from the flow of official commentary.

The Strait of Hormuz remains one of the most closely watched flashpoints in global energy markets, given its role as a corridor for a substantial share of the world's seaborne crude oil and liquefied natural gas trade. Rezaei's acknowledgement that mediators have specifically asked Iran to formalize its conditions marks a procedural step forward, even as the central channel Iran controls stays off-limits to full traffic until Washington meets Tehran's terms.

Source: InvestingLive

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