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10 developments across 6 briefings for this place.
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Iranian Foreign Minister Abbas Araghchi said Iran was “very close” to an agreement with Oman to partially reopen the Strait of Hormuz, although other Iranian officials linked a full reopening to U.S. concessions.
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Iranian Foreign Minister Abbas Araghchi said Iran was “very close” to an agreement with Oman to partially reopen the Strait of Hormuz, although other Iranian officials linked a full reopening to U.S. concessions.
Open source reportChronology
Iran's foreign minister, Abbas Araghchi, said Iran is "very close" to a deal with Oman to partially reopen the Strait of Hormuz, but other Iranian officials then complicated the matter by tying a full reopening to a list of demands the U.S. must meet first.
Iranian Foreign Minister Abbas Araghchi said Iran was “very close” to an agreement with Oman to partially reopen the Strait of Hormuz, although other Iranian officials linked a full reopening to U.S. concessions.
Open source reportIt struck the Greek-owned cargo ship Minoan Pioneer on Monday, and another cargo carrier yesterday.
Iran was accused of striking the Greek-owned cargo ship Minoan Pioneer on August 3 and another cargo carrier on August 4 as vessels continued using the Omani route through the strait.
Open source reportThe current draft thus proposes a 60-day period in which Iran controls inbound traffic to the Persian Gulf while Oman controls outbound traffic, with neither charging transiting ships for passage.
The draft gives Iran control of inbound Persian Gulf traffic and Oman control of outbound traffic for 60 days, with neither country charging transiting vessels. Iran would lead clearance of the mined middle lane during the first 30 days before transitioning to joint management under undecided terms that could include fees.
Open source reportPres. Trump said a deal to reopen the Strait of Hormuz to shipping traffic could come as soon as today.
Trump said an agreement could be reached as soon as August 5 through Iran-Oman negotiations conducted with U.S. input and Qatari mediation, rather than through a bilateral U.S.-Iran deal.
Open source reportIran's Navy enforced the Strait's closure once more when it "targeted and stopped" three oil tankers it accused of taking an "unsafe and illegal route" through the Strait (read: via Omani waters).
Iran’s Navy targeted and stopped three tankers it accused of following an unsafe and illegal route through the strait as passage via Omani waters.
Open source reportIran countered with a lopsided proposal that would leave it firmly in control of both lanes of traffic, and said the Strait would remain closed until Oman agreed to its proposal.
Iran rejected an Omani proposal assigning each country oversight of one traffic lane, countered with terms that would leave Iran controlling both lanes, and said the strait would remain closed until Oman agreed.
Open source reportThere are some key differences between Malacca and Hormuz that will make Hormuz harder to manage with that model.
Hormuz is assessed as harder to manage under a Strait of Malacca-style model because vessels may have less need for paid services and Iran, one of the proposed guardians, is characterized as the principal threat to shipping. Iran has not agreed to the proposal and may resist responsibility for clearing the central lane, although its negotiators are described as flexible.
Open source reportUnder Oman's proposal, Oman, Iran, and other members of a regional consortium would collect a "voluntary service fee" for providing "security" to vessels transiting any of three proposed shipping lanes
Several rounds of Iranian-Omani talks produced a proposal for three shipping lanes managed by Oman, Iran and other regional consortium members. Vessels would pay a voluntary service fee for security, and the central international lane would reopen after Iran removed mines attributed to it.
Open source reportRubio drew a red line with a warning that a tolling system "would make a diplomatic deal unfeasible."
Iran and Oman were discussing a tolling system for the Strait of Hormuz and attributes to Rubio a warning that such an arrangement would make a diplomatic agreement unfeasible.
Open source reportIran's navy is carrying out the IRGC's threat to choke off shipping in the vital waterway... Some analysts expect this to rise to $85-90 when markets open today because of Iran's naval blockade of the Strait of Hormuz.
Iran’s navy is attempting to choke off shipping through the Strait of Hormuz; the disruption is causing flight cancellations and could drive WTI crude to $85–90 per barrel.
Open source report