Iran maintains closure of Strait of Hormuz until conditions are met
Iran's parliament speaker Mohammad Baqer Qalibaf announced that the Strait of Hormuz will remain closed until the United States meets seven conditions outlined in a June interim agreement. The announcement comes after the US replied to an Iranian proposal via Qatari mediators.
Why it matters
The continued closure of the waterway, which typically handles one-fifth of global oil and liquefied natural gas, prolongs severe disruptions to international maritime shipping.
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