Iranian Foreign Minister Araghchi said Sunday local time that reopening the Strait of Hormuz depends on whether Washington meets conditions set by Tehran, while adding that negotiations could still resolve the current impasse. Iran had previously demanded an end to what it called U.S. "aggression," the lifting of the maritime blockade and economic war, and the release of Iranian assets.
At the same time, the naval arm of Iran’s Islamic Revolutionary Guard Corps said it had captured a U.S. Remus 600 unmanned underwater vehicle in the Strait of Hormuz and handed it over for data extraction. U.S. Central Command did not immediately comment.
The developments come as the Iran-U.S. conflict continues to weigh on Middle East energy transportation. WTI crude settled at $92.41 a barrel for the week, down 7.9%, while Brent closed at $104.32 a barrel and was little changed over the week.
According to BlockBeats on Sept. 27, Iranian Foreign Minister Araghchi said Sunday local time that reopening the Strait of Hormuz depends on whether the United States meets conditions set by Iran. He also said negotiations remain a possible way to break the current deadlock.
Iran had previously called for an end to what it described as U.S. "aggressive actions," the end of the maritime blockade and economic war, and the release of Iranian assets.
U.S. President Donald Trump said Saturday that he had rejected Iran’s latest conditional proposal. The Wall Street Journal, citing U.S. officials, reported that Trump is expected to possibly resume bombing Iran after the November midterm elections.
Separately, the navy of Iran’s Islamic Revolutionary Guard Corps said Sunday that it had captured a U.S. Remus 600 unmanned underwater vehicle in the Strait of Hormuz and had transferred it to relevant personnel for data extraction. U.S. Central Command did not immediately comment.
With the Iran-U.S. conflict severely constraining Middle East energy transport, WTI crude closed the week at $92.41 per barrel, down 7.9% on the week. Brent settled at $104.32 per barrel and was broadly flat over the same period.
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