Iran puts a price on reopening Hormuz Strait

Iran puts a price on reopening Hormuz Strait
Iran puts a price on reopening Hormuz Strait

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Nevin Al Sukari - Sana'a - A man waves an Iranian flag at Valiasr Square in central Tehran on August 8, 2026, as Iran sets conditions for reopening the Strait of Hormuz amid stalled hopes of a US-Iran deal. — AFP pic

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DUBAI, Aug 9 — Iran has set a list of demands for reopening the Strait of Hormuz, including compensation for war damages, complicating efforts to restore passage through the waterway vital to the global economy.

Tehran has imposed an effective blockade of the strait since the United States and Israel struck Iran in late February, and wants to charge tolls for passage, attacking ships it accuses of attempting to circumvent its preferred route.

Continued attacks in the strait, which was free to transit before the war, led to the collapse of an April ceasefire, with mediators since urging both sides to return to the terms of a June memorandum.

Iranian Foreign Minister Abbas Araghchi said discussions with Oman over transit and management of the strait were “approaching the final stages”, but added that reopening Hormuz “is subject to other conditions and compensation for the violation” of the June agreement.

Security chief Mohammad Bagher Zolghadr on Saturday laid out a list of demands for reopening the strait, including an end to the “war and aggression against Iran and its allies in Lebanon, Palestine, Yemen, and Iraq”.

He also demanded the lifting of a parallel US naval blockade of Iran, the end of sanctions, the release of frozen assets and compensation for wartime damage, according to remarks reported by Tasnim news agency.

Iran’s Revolutionary Guards, meanwhile, said Hormuz’s reopening had “nothing to do with the negotiations between Iran and Oman”, adding that the “enemy is forced to accept Iran’s conditions for the opening of the strait”.

Repeated attacks 

The comments came as transit through Hormuz has dropped significantly, with Iran targeting ships it accuses of skirting its preferred route through Iranian waters.

The United Arab Emirates’ foreign ministry on Saturday condemned what it called a “hostile Iranian attack that targeted a tanker belonging to ADNOC (Abu Dhabi National Oil Company) with a missile while it was transiting the Strait of Hormuz, without causing casualties”.

Later on Saturday, the United Kingdom Maritime Trade Operations (UKMTO) said a ship was hit by a projectile off Oman in the Strait of Hormuz, causing a fire that was extinguished but no casualties.

It was unclear whether they were referring to the same ship.

On Friday, ADNOC had put out a statement saying that since the start of the war, 15 of its vessels had been attacked in Hormuz, “including three vessels this week alone”.

Oman’s foreign ministry on Saturday condemned “repeated attacks on vessels transiting the Strait of Hormuz”, without naming Iran.

It also said that “ongoing negotiations regarding navigation arrangements in the Strait of Hormuz are proceeding in a positive and constructive atmosphere”, and urged against any actions that might jeopardise the progress.

The previous Iran-US deal – meant to serve as a jumping-off point for negotiations on a permanent settlement – had said Iran and Oman would hash out future arrangements for the strait in discussion with other Gulf countries and “in line with the applicable international law”.

International law generally forbids tolling in such waterways.

Security agreement 

Turkey’s foreign minister said Saturday he expected Egypt to join a joint defence agreement between Turkey, Saudi Arabia and Pakistan designed to stabilise the region, calling the country a “natural partner on all issues”.

“I believe that at the next stage Egypt will also be among us in the alliance. We already act toward one another as if we were alliance members,” Foreign Minister Hakan Fidan said in an interview.

A drone struck US assets at an Egyptian port on the Mediterranean last month, marking the first drone attack on Egyptian territory since the outbreak of the Iran war.

Fidan said the agreement does not target a specific country.

“There is no common threat that we have put in writing,” he said, according to the news agency.

Pakistan’s foreign ministry said Friday the pact meant an attack on any member would be regarded as an attack on all, adding it was “intended to strengthen collective deterrence”. – AFP

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