Iran says Strait of Hormuz deal close, but reopening depends on US compensation

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Energy

9 August 2026 at 12:13 am

Iran says Strait of Hormuz deal close, but reopening depends on US compensation

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Summary

Iranian Foreign Minister Abbas Araqchi stated that Iran and Oman are close to a deal on a new shipping route through the Strait of Hormuz, but reopening the strait depends on conditions including US compensation to Iran.

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