Iran Urges Countries to Defy US Sanctions as Hormuz Reopening Hinges on Diplomacy
Updated
Updated · CNBC · Aug 28
Iran Urges Countries to Defy US Sanctions as Hormuz Reopening Hinges on Diplomacy
3 articles · Updated · CNBC · Aug 28
Summary
Iran’s foreign ministry said countries enforcing new U.S. sanctions would be complicit in Washington’s “illegal will,” publishing a letter that tied fuller reopening of the Strait of Hormuz to renewed diplomacy.
Foreign Minister Abbas Araghchi said talks could resume only if the U.S. drops pressure tactics and rebuilds trust, after what he called creative discussions with Qatar on a safe transit route through the strait.
Iranian security official Mohsen Rezaei said any Hormuz understanding with Washington must also include ending wars and military operations in Gaza, Lebanon and Syria; for now, Iran is allowing only a temporary, limited shipping corridor.
Washington is signaling the opposite direction: Trump said the U.S. does not want talks, and the White House’s new “economic D-Day” campaign is betting sanctions will work better than the June framework it has reportedly abandoned.
Oil barely moved despite the standoff—Brent slipped 0.1% to $89.63—but traffic remains far below normal, with Kpler showing just 5 ships crossed Hormuz on Tuesday versus about 130 before the February war.