Will Hormuz Reopen for $8 Billion? — Tehran’s Response

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Iranian officials have denied reports claiming that the Strait of Hormuz would be reopened to maritime traffic in exchange for unfreezing $8 billion in assets. The administration in Tehran emphasized that it would only accept negotiations if all of its established conditions are met.

Sea-news.az reports citing the Fars News Agency, that an unnamed official categorically refuted allegations of any talks being conducted to reopen the strait for eight billion dollars.

However, several international media outlets, including Israel’s Israel Hayom newspaper, had reported that US President Donald Trump was set to meet with Qatari Prime Minister Mohammed bin Abdulrahman Al Thani to evaluate proposals from Iran.

The leadership in Tehran has reaffirmed its resolute stance regarding its demands conveyed to Washington. Iran’s primary terms include the complete removal of maritime blockades, formal security guarantees for commercial vessels and oil tankers navigating through the Strait of Hormuz, the lifting of unilateral sanctions, an end to oil export limits, the release of frozen assets abroad, the retention of nuclear materials domestically, and the immediate cessation of active military confrontations and war.