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US-Iran talks in New York on Hormuz opening
American and Iranian delegations have been holding consultations in New York to discuss a transitional plan to open the Strait of Hormuz to international navigation, with the aim of ending the war that has lasted around seven months. The initiative includes lifting the economic siege on Iran and releasing its frozen assets, while negotiations face obstacles due to each side's firm stand, particularly regarding supervision of the waterway and the imposition of transit fees. Washington believes that sanctions have given it the upper hand, while Iran demands guarantees and insists on maintaining control over the strait. Iran has also threatened military escalation if the diplomatic process stalls, amid concerns over regional tensions rising and fuel prices increasing.
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