Hormuz

Aug. 18 (UPI) — A ship transiting the Strait of Hormuz came under attack on Tuesday, sustaining at least one casualty, amid claims by Tehran’s top negotiator that the critically important sea route would remain closed pending the lifting of the U.S. naval blockade and the unfreezing of Iranian assets.

The British Royal Navy’s U.K. Maritime Trade Operations center said in an alert that the security officer of the ship’s owner had reported that the engine room of the vessel was struck by an unknown projectile while sailing outbound through Strait of Hormuz [from the Persian Gulf].

“The impact caused damage to the engine room and resulted in a crew casualty. The remaining crew are currently being assisted by the Omani Coast Guard. At present, no environmental impact has been reported,” said UKMTO which did not identify the ship.

It was not immediately clear if the affected crew member was injured or killed, or what type of weapon was used in the attack.

The incident coincided with comments by Bagher Ghalibaf, speaker of the Iranian parliament, vowing not to permit shipping to pass through the strait until the United States complied with terms set out in a cease-fire deal the two sides signed in June, including the lifting of sanctions preventing Iran from selling oil abroad.

“I want to state clearly that the Strait of Hormuz will not be opened until the American commitments stipulated in the memorandum of understanding… are implemented,” Ghalibaf said in an address carried on Iranian state television.

Sailings through the strait have remained drastically curtailed, as they have been since the war started on Feb. 28, despite the 14-point framework calling for it to be reopened to commercial vessels for the duration of the 60-day deal, which expired Monday.

The state-run Islamic Republic News Agency added the ending of all military threats and operations by the United States to Ghalibaf’s list of demands.

The U.S. Navy is currently enforcing a blockade preventing ships from entering or leaving Iranian ports.

US president says Iran should ‘put up the white flag of surrender’ as the two nations’ MoU expired on Monday.

President Donald Trump on Friday said he would designate the Strait of Hormuz a territory of the United States “pretty soon” as the status of the waterway, a global chokepoint through which a fifth of global oil and gas passes, remains under a military and diplomatic deadlock.

Iran has fired back, dubbing Trump’s threats as “nonsense” as the memorandum of understanding signed between the two in June expires on Sunday.

Tehran has blocked the passage to leverage it as a global economy kill switch, while Washington has maintained a military naval blockade against Iran’s ports, choking its economy further.

In the apparent game of who blinks first – though Trump says negotiation with Iran “is like chess” – the US president’s military rhetoric has also followed a pattern throughout the ongoing war, which began on February 28. On many occasions, he has threatened to attack Iran only to pull back at the eleventh hour.

So, can the US actually make the Strait of Hormuz its territory? And what does that even mean?

What has Trump said?

“After we finish defeating Iran, which is being very badly defeated, pretty soon I’ll be declaring the Hormuz Strait a territory of the United States,” Trump said during a speech at a police academy in New York.

Referring to the naval blockade, Trump went a step further to suggest that the Strait of Hormuz is already a US territory. “Essentially, that’s what it is,” he added.

“We have the blockade. No ships get through unless we want them to,” he said.

Iran maintains that it controls the waterway — and despite the US claims, some vessels have transited the passage despite the blockade, maritime navigation data shows.

“It’s clear the US president, with a chuckle as he said that, even himself, is not taking this particularly seriously,” said Al Jazeera’s Kimberly Halkett, reporting from Washington, DC.

“These are the territorial waters of Iran and Oman. But what the US president likes to do is get under the skin of adversaries, and, in this case, it’s Iran,” she said.

“What we should point out, though, is what the US president is not backing down on is the fact that there is a naval blockade by the United States in effect in the Strait of Hormuz, and that is ongoing.

How has Iran reacted to it?

Several Iranian officials have sharply reacted to Trump’s remarks. The head of the judiciary came out with furious rhetoric, calling the US president criminal and feather-headed, his remarks “nonsense” and saying the Strait of Hormuz belongs to Iran.

Kazem Gharibabadi, Iran’s deputy foreign minister, also responded, saying, “The Strait of Hormuz cannot be seized by tweet, nor by aircraft carrier, nor by issuing an order, nor by an election speech.”

“The Strait of Hormuz has been Iranian, is Iranian, and will remain Iranian; this strait will only be closed and opened under Iran’s command, and as long as you do not accept the reality of defeat and cease your fanciful delusions, Iran will continue to enforce the blockade,” he added.

Meanwhile, Iran has been holding talks with Oman, the only other coastal country in the strait, to reach a settlement on the management of maritime traffic in the strait. Foreign Minister Abbas Araghchi, in comments carried by the Iranian Students’ News Agency, said negotiations between Tehran and Muscat “may reach a conclusion soon”.

The reopening of the waterway, however, is a separate issue, Araghchi said, where Washington has to adhere to promises made in the June memorandum of understanding, including removal of the naval blockade and sanctions on Iran.

That is the new Iranian position on the ongoing war, where Tehran is now seeking these US concessions for mere reopening of the waterway, which were originally conditions for ending the war.

Is Trump’s claim even practical?

First, sovereignty does not exchange hands over a mere unilateral presidential proclamation.

For instance, Trump had earlier threatened to send US boots to Iran’s Kharg Island to take over the key Iranian oil export hub in the Gulf. Tehran then responded by saying that its Islamic Revolutionary Guard Corps would be waiting for them, “with fingers on the trigger”. Trump had previously also threatened to take over Greenland, an autonomous territory of Denmark.

Bruce Fein, associate deputy attorney general under President Ronald Reagan, says Trump is constitutionally powerless to annex on his own.

“A treaty ratified by the Senate or statute is constitutionally required to annex territory, as with the Louisiana Purchase or annexation of Hawaii or Panama Canal or acquisition of Puerto Rico or the Philippines in ending the Spanish-American War.

If he goes ahead with annexation, Fein says, it would “constitute the crime of aggressive war under international law, including the UN Charter”.

Natalie Klein, a specialist in international law and associate dean at the University of New South Wales, Sydney, said, “Essentially the only way Trump’s claim could have any plausibility under international law would be if the US was asserting control over the Strait as an occupying power perhaps comparable to the authority the US exercised over Japan immediately after World War II.”

“But in that scenario, the US would need to have military control over Iran or at least its coastal areas.”

Trump’s war on Iran is also widely unpopular in the US, where the president and his fellow Republicans are seeking to defend their narrow congressional majorities in November’s midterm elections. Barely 35 percent of Americans approve of the war, according to a Reuters/Ipsos poll.

Several US media publications have reported that Washington is running short on munitions, including the crucial Patriot antimissile interceptor. Petrol prices have also increased, and are now averaging more than $4 a gallon – a major issue for Americans.

Last week, US Vice President JD Vance said the Trump administration’s top priority in the war was to control increasing petrol prices, while stopping Iran’s supposed race to a nuclear weapon now comes second.

Tehran has also attacked its neighbours in the Gulf, which analysts say are aimed at forcing the regional countries to push Washington into a corner at the negotiating table.

Even Iran does not enjoy unfettered sovereignty over the strait as a whole, under international laws, including the UN Convention on the Law of the Sea (UNCLOS), but only some coastal sites near its own borders.

The UNCLOS recognises coastal-state sovereignty over territorial waters, but limits that territorial sea to 12 nautical miles (22km), and notes that ships enjoy a right of passage that “shall not be impeded”.

The Strait of Hormuz is in international waters, sandwiched between the coasts of Iran and Oman. At its narrowest point, the strait is only about 21 nautical miles (39km) wide — and the two countries’ 12-nautical mile territorial seas overlap across it.

While neither the US nor Iran has ratified UNCLOS, the convention’s rules on international straits are widely regarded as customary law.

Paul Musgrave, an associate professor of government at Georgetown University in Qatar, said Trump usually makes such statements primarily to speak to a US audience, especially his support base.

It is important to remember, he added, that Trump is a product of US reality TV and is, at the end of the day, a “showman”.

“This is a guy who speaks big. You have to take him seriously in some cases but not literally,” Musgrave cautioned.

Trump cannot be taken seriously, especially in this case because making the strait US territory is physically and legally impossible, he said. But the statements do show that Trump is determined not to back down from Iran and accept defeat in the months-long war, he added.

Israel kills 11 in deadliest attacks on Lebanon since June truce as Iran and Oman continue talks on Hormuz.

Aug. 15 (UPI) — President Donald Trump on Friday said he wants the Strait of Hormuz to become U.S. territory.

Speaking at an event in New York, Trump said he plans to declare ownership of the waterway between Oman and Iran once the war is over.

“After we finish defeating Iran, which is being very badly defeated, pretty soon I’ll be declaring the Hormuz strait a territory of the United States,” Trump said, as reported by the Guardian.

“Essentially, that’s what it is,” he added. “We have the blockade — no ships get through unless we want them to.”

Iran’s deputy foreign minister, Kazem Gharibabadi, on Saturday called the president’s remarks “fanciful delusions.”

“Once and for all, accept the reality: up to this point, you have suffered strategic and heavy defeats,” Gharibabadi said in a statement on X. “The Strait of Hormuz has been Iranian, is Iranian, and will remain Iranian.”

“This strait will only be closed and opened under Iran’s command, and as long as you do not accept the reality of defeat and cease your fanciful delusions, Iran will continue to enforce the blockade,” Gharibabadi added.

Traffic through the strait, through which 20% of the world’s oil and gas usually pass, has slowed dramatically since Trump launched the war with Iran on Feb. 28.

Six ships traveled through the strait last weekend, where usually as many as 140 would pass in a single day, The Hill reported.

Both Trump and Iranian officials claim to have control of the strait.

“We have control over it, nobody else, only us,” Trump told reporters earlier this week, The Hill reported. “Our Navy is unbelievable and things are going great for our country.”

US president’s words come as Treasury chief says US will use economic measures against Iran that have ‘never been seen’.

President Trump again insists the US has ‘total control’ of the strait, while Tehran is resolute that Washington must meet its demands.

Published on
12/08/2026 – 16:50 GMT+2

Two of the most influential voices in energy markets set out opposing readings of the year on Wednesday.

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The IEA now expects the world to burn less oil in 2026 than it did in 2025, its first such call since Covid-19 ground the global economy to a near-halt, while OPEC still pencils in growth, leaving them more than two million barrels a day apart.

The Paris-based IEA now expects global oil demand to fall by 1.6 million barrels per day (mb/d) in 2026, a downgrade of 510,000 b/d from July.

“The ongoing closure of the Strait of Hormuz and elevated fuel prices continue to weigh on oil consumption,” it said, cutting its second-half forecast by roughly 550,000 b/d.

OPEC still expects demand to grow, though its estimate has been trimmed for a fourth consecutive month, to 580,000 b/d from 780,000 b/d.

The producer group has consistently argued the war has done less damage to consumption than Western forecasters believe, and the two sets of numbers imply a difference of about 2.2 mb/d in what the world will burn this year.

Supply still 6.3 million barrels short

The supply picture explains the pessimism.

Global production rose by 2.4 mb/d to 101.5 mb/d in July but remained 6.3 mb/d below year-earlier levels, with 8.3 mb/d of Gulf output still shut in.

Gulf production climbed to 23.9 mb/d, yet regional exports fell 2.1 mb/d to 15 mb/d after the Strait of Hormuz was effectively closed again in early July and tankers and infrastructure came under attack, with loadings sliding from 20 mb/d to around 12 mb/d.

With no deal to reopen the waterway or secure passage through Bab el-Mandeb, the IEA cut its supply forecasts again and now expects output to fall by 4.3 mb/d this year.

Observed global stocks also dropped by 69 million barrels in July to just under 7.9 billion, down 410 million since the war began.

Both bet on 2027

Where the two agree is next year.

OPEC now expects demand to grow by 2.2 mb/d in 2027, an upgrade from the 1.94 mb/d it forecast last month, while the IEA goes further still at 2.4 mb/d.

That is an inversion worth highlighting, as the gloomier forecaster for this year delivers a more bullish read for the next.

The IEA reads the damage as a blockage rather than a collapse, oil that cannot reach buyers rather than demand that has vanished, so the deeper this year’s hole, the steeper the climb out of it once Hormuz reopens.

OPEC, which never accepted that consumption fell much, has less ground to make up for.

The agency’s outlook rests explicitly on de-escalation, assuming flows gradually recover and turning this year’s supply contraction into growth of 8.3 mb/d, flipping a 1.3 mb/d deficit into a 4.6 mb/d surplus.

Aug. 12 (UPI) — The International Energy Agency warned Wednesday of a sharp drop in global stocks oil amid renewed disruption to exports via the Hormuz Strait and Caspian Sea resulting in “lower volumes of oil” transiting the seas to markets around the world.

In its August Oil Market Report, the agency said measurable global oil inventories — strategic reserves, on tankers at sea — plunged by 69 million barrels in July to just under 7.9 million barrels, down from 410 million barrels per day at the start of the war at the end of February.

Onshore stocks declined by just 6 million barrels per day as the pace of IEA releases of its emergency stocks eased, even as China continued to draw down on its crude oil reserves.

“Although the market is projected to return to surplus towards the end of this year, risks remain substantial and the urgency of reopening the Strait has increased, as previously available inventory buffers are rapidly depleting,” the IEA said.

The IEA data comes two days after the U.S. Department of Energy said the country’s Strategic Petroleum Reserve had fallen to less than 300 million barrels in the previous week, its lowest level in 43 years — but still well above the 70 million barrel minimum for it to run as intended.

President Donald Trump ordered 172 million barrels to be released in March after exports from Gulf producers including Saudi Arabia Kuwait, Bahrain, and the UAE were severely curtailed by Iran closing the Strait of Hormuz.

Use of other routes to move oil and the drawing down of inventories, including China’s massive 1.4 billion barrel reserve which has seen a sharp drop in its oil imports, have so far helped ward off the damaging global oil shortage it was feared the closure of the Hormuz Strait would trigger.

The IEA also warned that the destruction of global demand for oil was escalating, driven by the continuing closure of the Strait of Hormuz and high fuel prices suppressing consumption, forecasting a 1.6 million barrels per day drop in demand in 2026, up from its previous estimate of 1 million barrels per day.

However, it said said the pace of market contraction would slow, down from a 4.9 million barrels per day decline in the second quarter to 2.8 million barrels per day drop in the third quarter, and return to growth in the final quarter, with expansion of global demand of 2.4 million barrels per day expected in 2027.

On the supply side, the IEA said overall production for 2026 would fall more sharply than demand, but would bounce back to outpace demand in 2027.

Production rose by 2.4 million barrels per day to 101.5 barrels per day in July, but remained well short of the 6.3 million barrels per day supply growth pace seen in July 2025, with 8.3 million barrels per day of Persian Gulf output “still shut in.”

“Renewed hostilities and maritime disruptions in July and early August undermined the recovery efforts, reducing projected third quarter 2026 oil supply by 1.7 million barrels per day compared with last month’s report.

“Global oil supply is now projected to decline by 4.3 million barrels per day on average in 2026 and rebound by 8.3 million barrels per day next year to 110.3 million barrels per day,” the IEA said.

Shipping traffic through the Strait of Hormuz fell to its lowest level in a week on Tuesday as vessel operators continued to avoid the strategically vital waterway amid ongoing hostilities in the Middle East.

Kpler data showed that only eight vessels were tracked in the strait on Tuesday, below the 10-day average of around 12 and the lowest daily total since August 5. Of those vessels, only one, a coal carrier, had exited the strait, while the remaining ships were still making their way through.Seven vessels entered the waterway, all using the Iranian route, highlighting the limited movement through the strait as uncertainty over its security continues to weigh on shipping activity.

Separate data from LSEG recorded 11 vessel transits on Tuesday, down from 14 the previous day, also pointing to a slowdown in traffic through the crucial maritime passage.

The decline comes as the United States and Yemen’s Iran-aligned Houthis reported separate attacks, while prospects for an end to the Iran war appeared to weaken. Tehran has said the Strait of Hormuz will remain closed unless Washington accepts its conditions.

Hormuz Traffic Plummets

The scale of the disruption is stark compared with normal shipping activity. Around 130 to 140 vessels typically passed through the Strait of Hormuz before Iran closed the waterway following the start of U.S.-Israeli attacks on February 28.

The sharp reduction in traffic underscores the growing risks facing international shipping and energy markets as vessels avoid one of the world’s most important maritime chokepoints.

The strait is particularly important for global energy supplies, meaning prolonged restrictions could increase pressure on oil markets and raise transportation and insurance costs for vessels operating in the region.

Red Sea Traffic Holds Up

Shipping activity through the Bab al-Mandab Strait at the southern end of the Red Sea showed a different trend.

Kpler data recorded 30 vessels crossing the waterway on Tuesday, above its 10-day average of 25.

The contrasting figures suggest that while some shipping activity continues through alternative routes, the Strait of Hormuz remains heavily affected by the ongoing hostilities and uncertainty surrounding its reopening.

With information from Reuters.

Iran has held firm on its conditions for reopening the Strait of Hormuz, as Pakistan’s interior minister, Mohsin Naqvi, visited Tehran, and the United States and Yemen’s Houthis launched attacks on shipping in the Gulf and the Red Sea.

The developments on Tuesday came as the US-Israel war on Iran showed no sign of ending, despite repeated claims from US President Donald Trump that a deal was close.

Mohsen Rezaei, the newly appointed head of Iran’s Supreme National Security Council, told China’s ambassador to Tehran that Washington must end its military campaign and release Iranian funds held abroad for a full reopening of the Strait of Hormuz.

“As long as the US does not change its behaviour and accept Iran’s conditions, the Strait of Hormuz will not be reopened,” Rezaei said, according to Iranian media.

Writing on X, he insisted on an end to the US’s naval blockade on Iranian ports as well as a region-wide ceasefire, including in Gaza and Lebanon.

“IRAN’s message is clear,” he wrote. “The Strait of Hormuz will not reopen until the U.S. ends the war and blockade, releases Iran’s frozen assets, and agrees to a region-wide ceasefire, including in Lebanon and Gaza.

“Until all conditions are met, the Strait will remain closed.”

There was no immediate comment from Washington.

Trump has swung between threats of escalation and assurances of an imminent peace deal throughout the conflict.

In an interview broadcast late on Monday, he suggested that the uncertainty could last ⁠for a while, saying he might just “bop along” and let Tehran fail economically, or “hit” them “really, really hard”.

“I’m sort of negotiating,” Trump told Real America’s Voice. “They’re very devious negotiators.”

In Tehran, Iranian President Masoud Pezeshkian and Foreign Minister Abbas Araghchi met Pakistan’s interior minister, with the two sides discussing closer political, economic, trade, cultural and security ties, according to the Iranian presidency.

Naqvi’s visit comes as Islamabad mediates efforts to end the ongoing conflict.

Earlier, Qatar – another mediator in the conflict – said talks between Iran and Oman on shipping in the Strait of Hormuz had reached an advanced stage.

“We have heard positive statements from both capitals in the recent couple of days,” said Majed al-Ansari, spokesman for the Qatari Foreign Ministry. “Our main priority here is the reopening of the strait, maintaining the ceasefire and making sure that we are able to push forward towards the negotiation.”

Iran, meanwhile, said any agreement between it and Oman on routes in the Strait of Hormuz will have no impact on the reopening of the waterway.

US, Houthi attacks

Separately on Tuesday, US Central Command said a US Navy MH-60 helicopter fired two Hellfire missiles to disable the steering gear of a Panama-flagged cargo ship in the Strait of Hormuz.

It said the ship had ignored repeated warnings to stop violating the US naval blockade of Iranian ports.

At the southern end of the Red Sea, four crew members were killed in a suspected Houthi attack on a small cargo vessel in the Bab al-Mandeb strait, according to Yemen’s Transport Ministry. Two Yemeni rescuers from an anti-Houthi military group were also killed, Yemen’s coastguard said.

The killings on board the Egyptian-owned Tihamah would be the first by Yemen’s Iran-aligned Houthi strikes on shipping since the war on Iran began in late February.

The Houthi-run Saba news agency reported that the ‌group had attacked a Saudi ship carrying military equipment in Bab al-Mandeb. It did not name the ship, and there was no immediate Saudi response to the report.

Thousands of people have been killed since the US and Israel launched strikes on Iran on February 28. Iran has also struck US assets and infrastructure in Oman, Jordan, Kuwait, Israel, the United Arab Emirates and Saudi Arabia.

In Iran, at least 3,527 people have been killed, while more than 27,00 have been wounded. At least 18 Americans have also died.

The conflict has also widened to Lebanon, where Iran-backed Hezbollah has launched attacks on Israel, and Israeli forces have carried out near-daily strikes.

Lebanon’s Health Ministry says Israel’s latest military escalation there, which began on March 2, has killed more than 4,300 people and injured more than 12,000. In Israel, at least 60 people have been killed in Iranian and Hezbollah attacks.

President Trump signaled he’s prepared to let economic pressure on Iran build rather than launch fresh military strikes to force a reopening of the Strait of Hormuz, even as the Islamic Republic reiterated that the conditions still aren’t in place to allow free passage through the key waterway.

“We are just watching Iran with its huge inflation and the fact they have no money,” Trump told Axios in an interview on Sunday, saying that a US naval blockade of the country was deepening its financial woes. “We are low-keying it.”

The president’s comments mark a shift from his repeated threats to escalate the bombing campaign against Iran and come amid lingering talks between Tehran and Oman to reopen Hormuz. Iran has said it’s nearing a deal, while laying out a list of demands for Washington to meet before shipping can resume — including the lifting of sanctions.

“As long as hostile actions continue, the conditions for ensuring the safety of this waterway are not in place,” Iran’s foreign ministry spokesman Esmail Baghaei told reporters on Monday. “Its reopening is contingent on the US ceasing its illegal actions, lifting the siege and compensating for damages.”

Brent crude rose 1% on Monday to over $84 a barrel, extending a rally of more than 5% over the previous three sessions. The contract is still down since the start of the month.

The Islamic Republic’s economy has taken a hammering from the war, with much of its industrial capacity destroyed, crude exports severely curtailed by a US blockade and central bank data showing year-on-year inflation recently reaching 77%.

The currency, meanwhile, has fallen more than 10% from its prewar level, adding to the economic pressure on Iranians. A depreciation of the rial sparked violent nationwide protests that peaked early this year, leading to a crackdown by authorities that left thousands dead. There have been no signs of the anti-government demonstrations resuming.

Iran reemphasized its determination to continue wielding control over Hormuz in the face of US opposition by naming hard-line former Islamic Revolutionary Guard Corps commander Mohsen Rezaee to its top security post over the weekend. An advocate for full Iranian control over the waterway, he served as military adviser to Iranian Supreme Leader Mojtaba Khamenei and will now head the Supreme National Security Council, which coordinates decisions on the war and negotiations to end it.

Rezaee replaces Mohammad Bagher Zolghadr, a fellow hard-liner who accepted a new position as political adviser to the supreme leader. The appointments were reported by the state-run Islamic Republic News Agency late Sunday.

Over the weekend, Iranian Foreign Minister Abbas Araghchi said a pact with Oman to establish a shipping route through the strait was “very close,” without providing details on the substance. He ruled out direct talks with the US for now, but said the two sides are exchanging messages through intermediaries.

The Strait of Hormuz, through which one-fifth of the world’s oil and liquefied natural gas transited before the war, has become a key sticking point in the negotiations to bring a lasting end to the fighting that began when the US and Israel staged airstrikes on Iran on Feb. 28. Trump has demanded free passage for months.

Tehran’s demands for a full reopening include the US lifting its naval blockade on Iranian ports, the release of frozen assets and compensation for war damage. It has also called for a permanent end to attacks on groups it backs in Lebanon, Iraq, Yemen and Gaza. It’s unclear how strictly Iran will stick to the list of conditions.

Some of the demands will be difficult for the US to meet alone. In Gaza, a proposal by US-backed mediators to disarm Iran-backed Hamas and push Israeli army out of the Palestinian enclave was rejected by Israel’s Prime Minister Benjamin Netanyahu on Sunday.

In Yemen, clashes between the Iran-backed Houthi rebels and forces from the internationally recognized government supported by neighboring Saudi Arabia, have escalated. The Houthis claimed to have struck Saudi Aramco’s Jazan refinery on Sunday, while Saudi authorities reported a fire that was quickly extinguished, with no injuries.

The incident would mark at least the second blaze at the 400,000 barrel-a-day complex in a month. Satellite images in late July showed a tank fire following another claimed Houthi attack.

Sykes writes for Bloomberg.

Published on
10/08/2026 – 7:43 GMT+2

Oil prices rose in early trading on Monday as market participants weighed mixed signals from the US and Iran, with concerns that a deal to reopen the Strait of Hormuz could take longer to materialise.

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Futures for international benchmark Brent crude for October delivery gained 1.04% to $84.42 a barrel, while US West Texas Intermediate futures for September advanced 0.83% to $78.83 a barrel.

Iran’s Revolutionary Guards insisted on Sunday that they would not reopen the Strait of Hormuz until the US complied with a list of demands.

Tehran insists on retaining control of the waterway – through which a fifth of world oil and LNG pass – after the war and wants to charge tolls for passage, which Washington has pushed back against.

Attacks in the strait, which was free to transit before the war, led to the collapse of an April ceasefire, and mediators have urged both sides to return to the terms of a subsequent June memorandum that set out a path for peace talks.

Iran on Saturday released a list of conditions for reopening the strait, including an end to the war on all fronts, the lifting of a US counterblockade of Iranian ports, the end of sanctions, the release of frozen assets and compensation for wartime damage, the Tasnim news agency reported.

Those conditions echoed the terms of the June agreement, which included a provision to create a $300 billion reconstruction fund for Iran.

Iran’s Revolutionary Guards said on Sunday that their strategy was to maintain their blockade “until the enemy accepts all our conditions… the strait is now actually a theatre of war for us and not just a waterway”.

For his part, US President Donald Trump said in an interview: “We are low-keying it.”

“We are only semi-negotiating with them,” he was quoted as saying. “We are just watching Iran with its huge inflation and the fact they have no money.”

“It will work out,” he added. “It’s like a chess game.”

Additional sources • AFP

Aug. 9 (UPI) — Iran has replaced its top security official with another commander of its powerful Islamic Revolutionary Guards Corps, a spokesman for Iranian Masoud Pezeshkian said late Sunday.

Mohsen Rezaei, who had been an adviser to Supreme Leader Ayatollah Mojtaba Khamenei, will be the new secretary of the Supreme National Security Council. He replaced Mohammad Bagher Zolghadr, who resigned.

Zolghadr had been in the post since his predecessor, Ali Larijani, was killed in an Israeli air strike in March. He will serve as political adviser to Khamenei.

The shakeup came as Foreign Minister Abbas Araghchi said Iran is not talking directly with the U.S. to end the war with Tehran and open the Strait of Hurmuz, despite claims by U.S. officials that the sides are near a deal.

Araghchi was quoted by the Mehr news agency as saying that “messages are being exchanged through intermediaries” and Iran isn’t talking directly with Washington. He reportedly added Washington must meet conditions by Iran if a deal is reached with Oman to open a trade route through the waterway.

U.S. President Donald Trump told Axios on Sunday his administration is “low keying it” in negotiations with Tehran.

“We are only semi-negotiating with them. We are just watching Iran with its huge inflation and the fact they have no money,” Trump said. “It will work out. It always works out. It’s like a chess game.”

Iran’s Supreme National Security Council and Khamenei would have to agree to any deal to open the strait.

On Saturday, Zolghadr said U.S. forces should be withdrawn from near Iran. He added that the U.S. should compensate Iran for war damages as well as lift sanctions.

Iranian diplomats said earlier last week that Tehran and Oman were near a new agreement to manage the strait.

IRGC sets terms to reopen Hormuz as US seeks commitments to end attacks on ships in the waterway.

Gulf and Arab governments condemn Iran over missile strike on Emirati tanker.

The United Arab Emirates has accused Iran of striking a tanker owned by the Abu Dhabi National Oil Company (ADNOC) with a missile as it crossed the Strait of Hormuz, drawing swift condemnation from Gulf and Arab governments.

The UAE Ministry of Foreign Affairs said on Saturday that the vessel was hit in the early hours of the morning while transiting the strategic waterway, a chokepoint for a large share of the world’s seaborne oil.

Abu Dhabi described the strike as an act of piracy by Iran’s Revolutionary Guard Corps (IRGC) and called on Tehran to halt the attacks and reopen the strait fully and unconditionally.

ADNOC confirmed one of its ships had been targeted by a missile while crossing the strait, according to the state news agency WAM. ADNOC did not provide details on any damage to the vessel or its exact location at the time of the attack.

The UAE ministry said using the waterway as a tool for pressure or economic blackmail threatened regional stability and global energy security.

The IRGC have previously threatened action against any vessels transiting the strait if they are linked to Tehran’s adversaries, or if they fail to comply with Iranian directives.

ADNOC said on Friday that it had been significantly affected by what it described as unprovoked attacks on its personnel and assets, while continuing to meet customer requirements in an “exceptionally challenging environment.”

The company said 15 of its vessels had been attacked by missiles and drones while transiting the strait since the start of the conflict, including three this week, killing one crew member and injuring 20 others. ADNOC did not identify those responsible for the attacks in its Friday statement.

Regional governments condemn attack

Gulf Cooperation Council Secretary-General Jassim Mohammed al-Budaiwi condemned the latest attack as a “dangerous and unacceptable escalation”, calling for international action to protect maritime navigation and reaffirming the bloc’s solidarity with the UAE.

Qatar also condemned the attack and rejected the use of the Strait of Hormuz as a bargaining chip, calling for the waterway to be reopened without conditions. Doha’s foreign ministry warned that its continued closure threatened the interests of regional states and the global economy.

Saudi Arabia condemned the targeting of the tanker “in the strongest terms,” saying Iran’s continued attacks constituted a grave breach of international law and Resolution 2817. Riyadh held Tehran responsible for the consequences and demanded an immediate halt to the strikes.

Jordan also condemned the attack as a flagrant violation of international law, affirming its full support for the UAE.

The reported attack marks a sharp escalation in tensions around the Strait of Hormuz, where the UAE and its Gulf neighbours have pressed for the passage to remain open to international shipping.

Tehran, Iran – Iran’s authorities are weighing a finalised arrangement with Oman over the Strait of Hormuz, but top officials maintain that the strategic waterway’s full reopening will hinge on concessions from the United States.

Foreign Minister Abbas Araghchi on Saturday said the agreement with Oman was “very close”, but cautioned that a full reopening of the strait would depend on the US staying true to commitments given as part of a June memorandum of understanding (MoU) that were violated.

Iran has previously slammed the US for backing a southern Omani route in the waterway without coordination with Tehran, not halting Israel’s attacks on Lebanon, and refusing to unfreeze any of Iran’s money blocked abroad due to sanctions.

Separately on Saturday, Hossein Mohebbi, spokesperson for the Islamic Revolutionary Guard Corps (IRGC), told state media the reopening of the Strait of Hormuz “has its own specific mechanism and has nothing to do with the negotiations between Iran and Oman”.

He added the US will have no choice but to accede to “conditions” set by the Islamic republic to reopen the strategic strait, which Mohebbi said the IRGC views as not just an economic waterway, but a source of power tied to Iran’s geographical position that it intends to leverage.

The IRGC spokesman urged the administration of US President Donald Trump not to “interfere” in the talks with Oman, “which have nearly reached their conclusion”.

On Friday, the spokesperson for the national security commission of Iran’s hardline-dominated parliament also confirmed that the framework of an arrangement with Oman over the strait had been agreed upon, and a deal could be expected soon.

Hassan Qashqavi said the decision was pending a green light from “higher levels”.

In a televised interview, President Masoud Pezeshkian said he would “strongly defend” the MoU signed with the US in June and once again rejected speculation that he would abandon his office, despite claims by hardliners that he has used the threat of resignation as a way of combatting opponents who are against a diplomatic resolution with the US.

The Ministry of Foreign Affairs said earlier that a joint statement could be expected with Oman if a deal is reached to bring back some traffic to the strait, which has been mostly disrupted since the US and Israel attacked Iran on February 28.

Iran and Oman have agreed on the coordinates of routes to be taken by vessels through the waterway as part of the arrangement. Inbound traffic is to pass through a northern lane through Iranian territorial waters, while outbound traffic will go through a southern lane in Omani waters, coordinated with Iran.

US media have said the interim agreement is envisaged for 60 days and can be extended. They have also reported on discussions concerning naval mine clearance from a central corridor that could be utilised in the future, the passage of military vessels and a potential coordinated fee system for passing vessels.

There are questions over what will happen with a US naval blockade of Iran’s southern ports and a drawback of US military assets, which Iran has said will be necessary on the way to fully reopening the strait, through which about 20 percent of the world’s oil passes in peacetime.

Even more ambiguous are prospects of a broader long-term resolution that will also address the future of Iran’s nuclear programme, as well as years of harsh US sanctions over nuclear enrichment that have exacerbated economic shockwaves imposed against 90 million Iranians.

In the meantime, while military activity has significantly dropped across the region to give space to the Oman talks, tensions remain high and maritime security continues to dominate discussions.

The United Arab Emirates said a vessel belonging to the Abu Dhabi National Oil Company (ADNOC) was targeted by a missile while crossing the Strait of Hormuz on Saturday, but that there were no casualties.

In a statement, the UAE’s Ministry of Foreign Affairs said targeting commercial shipping and using the strait “as a tool of economic coercion or blackmail represents acts of piracy” by the IRGC “and constitutes a direct threat to the stability of the region, its peoples, and global energy security”.

The Iran-aligned Houthis in Yemen also continue to face off against Saudi Arabia and create disruptions for Saudi-linked vessels in the Red Sea and the Bab al-Mandeb Strait.

On Friday, the Houthis launched a deadly attack on an area of Marib controlled by the Saudi-backed, internationally recognised Yemeni government, with the government announcing a military response on several fronts on Saturday.

The Yemeni group also struck southwestern Saudi Arabia’s Najran on Thursday, a day after claiming two separate attacks on Saudi oil tankers.

Traffic in both the Bab al-Mandeb and Hormuz straits was down to just a handful of vessels on Wednesday on the back of the latest escalations, but has relatively rebounded while still far from unobstructed pre-war levels. Some ships have resorted to turning off their transponders to avoid being detected.

Global energy markets have once again welcomed the increasing prospects of a diplomatic agreement that could positively affect the Strait of Hormuz, with Brent crude standing at about $83 per barrel at Friday’s close.

Markets inside Iran also reacted positively on Saturday, the first day of the working week in Iran, with the national currency strengthening to 1.85 million rials against the US dollar, slightly recovering from all-time lows of about 1.94 million reached last week.

The main index of the Tehran Stock Exchange also climbed by 112,000 points or just over 2 percent to reach 5.52 million, near an all-time high.

US President Donald Trump expects the conflict with Iran to end “pretty soon”, while Tehran reports that an agreement with Oman to reopen the Strait of Hormuz is “on the verge of being finalised” following a route agreement between both nations.