Strait of Hormuz stays open as US and Iran near possible deal
Part of composite article Iran Demands $100 Billion Back Before Signing Any Peace Deal View full article →
Despite Iran’s announcement of a blockade, the United States says the Strait of Hormuz remains open to shipping. The strategic waterway, a key route for global oil transport, has not been closed. Military tensions between Washington and Tehran continue, but both sides appear to be moving closer to a potential agreement. Such a deal could ease the growing regional crisis.