US and Iran Explore Hormuz Deal as Tehran Weighs Putting Ship Fees in Side Agreement, Sources Say

A narrow waterway off Iran’s coast now carries the weight of a war, an election and the world’s energy bill all at once (Credit: AFP News Agency X Post)

US and Iranian negotiators in New York are discussing a phased arrangement that would see the Strait of Hormuz reopened in return for Washington lifting its economic blockade of Iran, according to Iranian, regional and Western sources briefed on the talks.

Tehran could also regain access to some frozen assets as part of the arrangement, according to sources close to the discussions.