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The Economic Times
The Economic Times
National

Strait of Hormuz open or closed? What are latest standpoints of Iran and Donald Trump's U.S.?

Strait of Hormuz still remains focal point in Iran-U.S. conflict but it’s been a busy week for diplomacy from both Washington and Tehran. The U.S. said its envoys and the Iranians held three hours of indirect talks via mediators Tuesday, their first since the countries’ previous agreement meant to end the fighting and launch nuclear talks collapsed within days of its signing in June.

Iran's president and foreign minister visited New York for the U.N. gathering of world leaders and proposed a deal with the Trump administration that would end the fighting and open the Strait of Hormuz in seven days. That’s if the U.S. ends its military blockade of Iranian ports, releases frozen Iranian assets and waives sanctions on Iranian oil sales, among other conditions — none of them new. What’s different after past failed attempts is the speedier timeline. Iran’s pitch to President Donald Trump said a quick deal might help him in the midterm elections in November.

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