Iranian officials confirmed that the Strait of Hormuz will be reopened in two days if the United States meets its conditions, according to a statement from Iranian Foreign Minister Hossein Amir-Nezhad Araghchi. The announcement came during an interview with Al Jazeera.
The Iranian government stated that it has reached an agreement with Qatari mediators to resume the passage of oil tankers through the strategic waterway. The decision follows a series of incidents involving oil tankers in the region, which have raised concerns about security and trade.
The Strait of Hormuz is a critical route for global oil transportation, with approximately 20% of the world’s oil passing through it daily. Recent tensions between Iran and the United States have led to increased risks for maritime traffic, prompting calls for a swift resolution.
The situation has escalated in recent months, with reports of oil tankers being attacked or damaged in the area. Iranian naval forces have claimed that three oil tankers encountered technical issues and caught fire while attempting to pass through the strait without authorization. These incidents have contributed to a sharp rise in oil prices, with global markets seeing an increase of about 15% in October alone.
The potential reopening of Hormuz comes as the United States prepares for midterm elections, with some analysts suggesting that the outcome could influence the trajectory of US-Iran relations. The agreement between Iran and Qatar aims to stabilize the region and ensure the safe passage of commercial vessels.
