Iran says it rejected a UN proposal for a Strait of Hormuz evacuation corridor and defended its actions as lawful self-defence against Israeli attacks, WSJ reports
Iran's rejection of the UN proposal for a maritime corridor in the Strait of Hormuz escalates tensions in a crucial shipping lane, asserting its rights under self-defense amid ongoing US-Israeli conflicts.
UAE Vice President spoke with Iranian Parliamentary Speaker Ghalibaf on de-escalation efforts; the first high-level talks between the countries since the start of the war, journalist Elster reports
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Iran says it rejected a UN proposal for a Strait of Hormuz evacuation corridor and defended its actions as lawful self-defence against Israeli attacks, WSJ reports
British American Tobacco (BATS LN) AGM Statement: continues to expect performance at lower end of our guided range this year
Hamas asked to make additional changes to the disarmament proposal presented to it by the Peace Council, according to i24 News citing sources
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- Iran said it had rejected a proposal adopted by the United Nations’ International Maritime Organisation that called for a safe maritime corridor in the Strait of Hormuz to evacuate some 20,000 sailors and roughly 2,000 ships stuck in the Persian Gulf.
- Tehran said it has exercised its inherent right of self-defence against US-Israeli attacks and any legal assessment of the maritime consequences that doesn’t take this into account is “incomplete and legally flawed,” Pouria Kolivand added.
- Iran’s deputy permanent representative to the Ports and Maritime Organisation said the IMO proposal was “legally groundless and politically motivated” because it aims to hold the Islamic Republic responsible for the current situation in the vital waterway.
This situation not only heightens geopolitical risk but could also have significant implications for energy markets, especially considering the Strait's role in oil transport, which may lead to volatility in commodities like WTI and gold.
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