Iran Rejects Aug. 17 Strait Deal Extension as 60-Day Hormuz Deadline Nears
Updated
Updated · Fox News · Aug 13
Iran Rejects Aug. 17 Strait Deal Extension as 60-Day Hormuz Deadline Nears
3 articles · Updated · Fox News · Aug 13
Summary
An Iranian source said Tehran is holding no talks with Washington to extend the June interim agreement, arguing there is “nothing to extend” before the Aug. 17 deadline.
The 60-day memorandum was meant to frame negotiations on reopening the Strait of Hormuz, but the two sides remain deadlocked over the waterway after Iran said the U.S. had already violated the pact.
Trump said this week the United States has “total” control over the strait, while retired Gen. Jack Keane warned Iran could turn more aggressive as the deadline approaches and U.S. midterms draw nearer.
The wider fallout is already visible: Hapag-Lloyd said Hormuz disruption helped drive a 73% drop in quarterly net profit, and Seoul’s Incheon airport became the busiest international hub as traffic shifted from Middle Eastern routes.