Hormuz Strait to remain shut until U.S. meets interim deal conditions, Iran says
Iran's Mohammad Bagher Ghalibaf, speaks at a press conference after registering as a candidate for the presidential election at the Interior Ministry, in Tehran, Iran June 3, 2024. REUTERS/File
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These conditions include the U.S. lifting its blockade of Iranian ports, lifting oil sanctions, releasing Tehran's frozen assets, and ending threats and military operations on all fronts, Qalibaf told parliament.
The memorandum of understanding, clinched on June 17, quickly unravelled over a dispute about control of the Strait of Hormuz, the narrow waterway through which a fifth of global oil and liquefied natural gas flowed before the war.
U.S. President Donald Trump said the deal was "over" on July 7 and a week later Iran's foreign ministry declared it "suspended".
Under the MoU, Iran and the U.S. had committed to negotiating a final deal — covering broader issues such as the fate of Iran's nuclear programme — in a maximum of 60 days, extendable by mutual consent.
A senior Iranian official told Reuters on Monday that Iran would now shift to a "fully offensive" posture due to the stalled diplomatic efforts to secure a permanent end to the conflict.

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