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IRAN SAID AWAITING TOP COUNCIL’S OKAY FOR HORMUZ ACCORD; US OFFICIAL: ‘WE EXPECT A DEAL SOON’

1 min read • 4 hrs ago • The Times of Israel • [src]
SOURCE SPECTRUM: The Times of Israel Center
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SOURCE COMPARISON

SourceLatest linked headlineAge
The Times of IsraelIRAN SAID AWAITING TOP COUNCIL’S OKAY FOR HORMUZ ACCORD; US OFFICIAL: ‘WE EXPECT A DEAL SOON’4 hrs ago
The Times of IsraelLEBANON, ISRAEL AGREE ON COUNTRIES THAT COULD VERIFY HEZBOLLAH DISARMAMENT — OFFICIAL1 hr ago

WHAT HAPPENED

Iran announced that it is awaiting approval from its highest political body – the supreme council – to formalize a temporary agreement on the Strait of Hormuz. A U.S. official has said the United States expects a deal to be reached in the near future.

According to The Times of Israel, the tentative accord would have Iran and Oman jointly oversee transit through the narrow waterway, and, under the terms, ships would no longer be charged tolls while passing through. The U.S. confirmation underscores the U.S. interest in keeping the strait open for international shipping.

The Strait of Hormuz is a vital artery for global oil trade, with about a quarter of the world’s petroleum passing through it each day, making any agreement on its operation of global significance. The agreement would be a significant step toward normalizing maritime traffic amid regional tensions.

  • Iran is waiting for the supreme council’s approval of a temporary Hormuz accord.
  • A U.S. official said the United States expects a deal soon.
  • The deal would involve Iran and Oman jointly overseeing transit, with ships exempt from tolls.

Read the original source for full detail available at The Times of Israel src

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