Iran chief negotiator says Hormuz will be administered by Tehran: State media | Metals Mine

  • Iran chief negotiator says Hormuz will be administered by Tehran: State media

    From channelnewsasia.com

    Iran's chief negotiator Mohammad Bagher Ghalibaf said that the Strait of Hormuz will be administered by Tehran, state media reported on Tuesday (Jun 23), following talks pushing to end the US-Israeli war on the Islamic republic. Iran and the United States agreed on Monday to set up communication lines to keep the vital shipping route open and end fighting in Lebanon, mediators said, after their first round of talks in Switzerland toward ending the conflict that has engulfed the Middle East. "The Strait of Hormuz will never return to its pre-war conditions and will be administered by the Islamic Republic of Iran, in ... (full story)

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R2F-Trading
1 hr 17 min ago
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The key market implication is whether traders view this as a symbolic political statement or a genuine shift in control over shipping traffic. If there's any perceived risk to tanker movements through Hormuz, crude could remain supported even if actual disruptions never materialize. I'll be watching oil volatility and freight rates more than the headline itself.
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