Iran drafts terms to reopen Hormuz strait as US sends another warship
Iran has been blocking ships from the Strait of Hormuz, the only sea route in or out of the Gulf, amid a standoff with the United States.
Iran has been blocking ships from the Strait of Hormuz, the only sea route in or out of the Gulf, amid a standoff with the United States.
Oman is trying to arrange a temporary shipping route through the Strait of Hormuz, a narrow sea passage between Iran and the United States that carries about a fifth of the world's oil and gas.
Iran's parliament speaker said Tuesday that forces will keep the Strait of Hormuz, a narrow sea passage that much of the world's oil ships through, closed until the US meets terms from an earlier agreement.
President Trump said the US would bomb Oman if the Gulf country 'gets in the way' over the standoff with Iran, the BBC reports.
A tanker called the Caroline Bezengi, sanctioned by the European Union and Britain for carrying Russian oil, has been leaking crude off Oman's coast since an explosion on board on 8 June.
Iran's foreign minister, Abbas Araghchi, says talks with Oman to reopen the Strait of Hormuz are almost finished, but Iran now wants compensation for war damages and other unnamed conditions met first.
An oil tanker near Oman reported hearing two explosions in the Strait of Hormuz, the narrow sea passage Gulf countries use to ship oil to world markets.
President Trump told Fox News that Iran will face a heavy military strike if nuclear negotiations break down again, keeping that option open even as Iran, the United States and Oman say they are close to a deal reopening the Strait of Hormuz, the narrow waterway that carries about a fifth of the world's oil and gas out of the Gulf.
Iran, the US and Oman say they are making progress on a plan to reopen the Strait of Hormuz, a narrow waterway between Iran and Oman that carries much of the world's oil shipping.
Iran said Monday it is not negotiating with the United States and expects no talks, contradicting President Trump, who said a deal over the Strait of Hormuz (a key oil shipping route) could start that same afternoon.
Oman has given Iran a plan, backed by other Gulf countries, to jointly manage the Strait of Hormuz, a narrow waterway that much of the world's oil ships through.
Iran has extended its retaliatory strikes to Oman, widening a Gulf-wide escalation as US-Iran talks to end the war remain unresolved and the Strait of Hormuz standoff resets to square one.