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Iran's Deputy Foreign Minister Gharibabadi says Iran's goal is not to hold ships in the Strait, but to declare a procedure that is not contrary to international law; these arrangements are not temporary and Iran will not back down

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Iran's Deputy Foreign Minister Gharibabadi says Iran's goal is not to hold ships in the Strait, but to declare a procedure that is not contrary to international law; these arrangements are not temporary and Iran will not back down

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  • Stopping ships behind the Strait of Hormuz incurs storage and delay costs, and war insurance has increased by up to 500%.
  • Accompanying Iranian forces costs less than war insurance and eliminates the risk of stoppage, inspection, and seizure.
  • Iran's goal is not to hold the ships, but to declare a procedure that is not contrary to international law; these arrangements are not temporary and Iran will not back down.
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