US and Iran Discuss Phased Deal to Reopen Strait of Hormuz
Meeting in New York, US and Iranian negotiators are seeking a phased agreement formula to end conflicts and lift the economic blockade.
In negotiations held in New York aimed at ending the conflicts between the US and Iran that have lasted for about seven months, a phased roadmap is being discussed that envisions Tehran reopening the Strait of Hormuz and Washington lifting the economic blockade.
Search for a Phased Agreement
In the ongoing talks in New York, the status of the Strait of Hormuz—the biggest bargaining chip held by the parties—and the lifting of the economic blockade were brought to the table.
Officials stated that neither party wants to make the first move and lose its leverage, which is why a phased arrangement is considered the most logical solution.
Expectations of the Parties
The Tehran administration aims to end the US blockade, which negatively affects its economy, and to regain access to its frozen assets.
Washington, on the other hand, wants to guarantee the free passage of ships through the maritime route, which is of vital importance for global oil shipments and is currently closed.
Transit Fee Demand
According to information obtained from regional sources, Tehran agreed to drop its demand for a transit fee for the use of the Strait of Hormuz from the main agreement.
It is stated that the transit fee issue could be arranged as a separate side annex instead of the main text.
Election Process and Political Approach
US President Donald Trump expressed his view that an agreement could be reached between the two countries following the November 3 congressional midterm elections.
White House officials emphasized that Iran is willing to reach a deal, but they remain open to negotiations under the right conditions.