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An Iranian official said on October 4 that the Strait of Hormuz would remain closed until the United States meets all seven conditions of the memorandum of understanding the two sides signed, according to reports.
An Iranian official said on October 4 that the Strait of Hormuz would remain closed until the United States meets all seven conditions of the memorandum of understanding the two sides signed, according to reports.
Earlier Iranian statements had listed four clauses that needed to be implemented first; this statement referred to seven conditions, which may reflect a fuller reading of the document.
The official was not identified in the report.
The status of the strait is one of the main drivers of oil prices. Tanker traffic data and maritime advisories will show whether it stays closed in practice.
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