• We are only exchanging messages with the US via intermediaries
• There are no negotiations taking place currently
• Only negotiations are with Oman, and they are constructive and positive
• Not seeking to impose fees on ships transiting through Strait of Hormuz for now
• But if we implement mechanisms to monitor navigation and provide services, it is only natural to collect fees
• Route being discussed with Oman will be temporary
• Have agreed on the transit map but discussing some technical points still
• The Strait of Hormuz will not be a safe passage if the US continues its aggressive policy, naval blockade
• US naval blockade represents a continuation of the war against Iran

This sets the tone for any hopes of an agreement between Iran and Oman to “reopen” the Strait of Hormuz. As much as markets are taking in comfort from the idea of a “reopening”, Iran seems to be making it clear that this does not represent much of any meaningful progress in the conflict.

There is still no word on how this will then lead to nuclear/uranium talks, unlike what was set out by the memorandum of understanding at the end of June.

That being said, it’s not like talks back then were constructive. The reality was that even in the three weeks of the previous ceasefire deal, nuclear discussions didn’t even kick start whatsoever.

But circling back to the Strait of Hormuz, it remains to be seen what will happen if and when Iran gives the green light for this temporary arrangement.

As mentioned before, it seems like we’re just pretty much reverting back to the same old playbook:

This article was written by Justin Low at investinglive.com.