Iran Sets Conditions for Opening Strait of Hormuz, Seeks Guarantees and Concessions

Iran is outlining specific terms and conditions for the reopening of the Strait of Hormuz, a critical global trade route, as negotiations with Oman progress.

According to CNN, Iran's Deputy Foreign Minister Kazem Gharibabadi stated that Tehran seeks the U.S. to retract actions it claims violate prior agreements. These demands include lifting the naval blockade on Iranian ports, addressing sanctions reimposed after a ceasefire collapse, particularly in the energy sector, and resuming talks on Tehran's frozen assets.

Gharibabadi also commented on the U.S.'s perceived failure to ensure stability in Lebanon, as stipulated in a previous memorandum of understanding. He clarified that Iran's commitment to facilitating safe passage for 60 days was based on guiding principles rather than a final operational plan. The new agreement with Oman, he emphasized, reflects current security conditions and is not a continuation of the previous arrangement.

Under the anticipated revised framework, shipping routes through the Strait of Hormuz are expected to change. A significant portion of commercial traffic will transit through Iranian territorial waters, while the remainder will pass through Omani waters. The outgoing traffic will follow a route between Iran and Oman, with exit permits issued via Oman after Tehran is notified, according to a senior Iranian official speaking to Reuters. Gharibabadi stressed that this new regulation aligns with Iran's strategy of "effective sovereignty" over the Strait, asserting that Tehran does not intend to systematically close the waterway during peacetime.

However, maritime industry associations have expressed reservations. They cite concerns that U.S. sanctions and restrictions on insurance coverage and payments could create substantial obstacles to the agreement's implementation. Reports suggest Iran aims to impose fees ranging from 5% to 7% on the value of ships' cargo passing through the strait.