Iran reasserts its right to control shipping in Strait of Hormuz after ship hit near Oman
Key takeaways
- Oil prices dropped by more than 3% on Friday, on course for steep weekly losses despite the conflicting interpretations of last week’s interim deal between Iran and the U.S.
- Saudi Aramco resumed crude loadings on Friday at its Ras Tanura terminal in the Gulf, the world’s biggest oil port, after a nearly four-month halt, shipping data showed.
- IRAN WARNS AGAINST ‘HOSTILE AND INTERVENTIONIST POLICIES’
Why this matters: local context for readers following news across Pakistan and the region.
Add ARY News on Google AAResize DUBAI/LONDON: Iran reasserted its right on Friday to control shipping in the Strait of Hormuz and warned Gulf states against siding with the U.S., a day after an attack on a ship near Oman highlighted the fragility of a preliminary deal to end the Iran war.
Iran was responding to what it called an “interventionist, irresponsible and provocative” joint statement by the United States and six Gulf states that rejected Iran’s insistence that it could charge tolls on vessels transiting the strait.
“Safe passage through the Strait of Hormuz cannot be guaranteed under ambiguous arrangements, parallel routes or decision-making that does not take Iran’s role as a coastal state into account,” Deputy Foreign Minister Kazem Gharibabadi said on X.