Iranian Foreign Ministry Spokesperson Baghaei says have made great efforts for safe movement and protection of the Strait of Hormuz, in constant contact with Oman to develop a mechanism, Mehr reports; Talks with the US continue through Pakistani mediation
- Do not need any party to recognize our right to uranium enrichment.
- Will not discuss our right to uranium enrichment during negotiations with the US.
- Fees for transit through Hormuz have legal and logical basis.
- Discussion of releasing Iranian assets is a demand, not a condition.
- When questioned about the US' threatening language, says don't worry we know how to answer.
Context
The Iranian Foreign Ministry's comments highlight ongoing negotiations with the US and assert Tehran's stance on uranium enrichment, signaling a firm position amid heightened geopolitical tensions. Their assurances regarding the Strait of Hormuz's security are crucial given its significance for global energy shipments, potentially influencing oil markets (WTI and Brent) and heightening risk premiums associated with the region. Given the continuous communication with Oman and the role of Pakistani mediation, this could be a step towards stabilizing a critical chokepoint for oil supply, but uncertainty remains in response to US threats.
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