Iran Responds to U.S. Position on Strait of Hormuz
Oil and Petrochemicals

Iran Responds to U.S. Position on Strait of Hormuz

تصویر: تولید هوش مصنوعی

By 2 min Read time 75,035

Mohammad Hossein Raeisi, Secretary of Iran's Supreme National Security Council, described Washington's response to Tehran's proposal for reopening the Strait of Hormuz as "insufficient." He stated that Iran will not provide further responses to the U.S. through Qatari intermediaries until the unclear conditions in Iran's seven-point proposal are clarified.

Conditions of the Strait of Hormuz and Its Impact on the Global Oil Market

According to Tehran's plan, normal maritime passage through this waterway, which before the war transported 20% of the world's oil and liquefied natural gas, could be restored within seven days if all conditions are met. Raeisi emphasized: "In their response, they accepted some of our conditions, while others remain ambiguous" and stressed that the Strait of Hormuz will remain closed to American traffic.

Security Crisis in Saudi Arabia

This diplomacy continues amid an escalating security crisis in the region due to consecutive attacks on King Khalid International Airport in Riyadh. These attacks, which resulted in the deaths of 12 people and injuries to 309 others, are the deadliest assault on Saudi Arabia since the onset of U.S.-Iran conflicts in February.

On Sunday, coalition forces reported that an "unknown projectile" struck Terminal 4 of the airport, causing a fire. While air defense systems successfully intercepted accompanying cruise missiles, the extent of the damage is still being assessed.

The King Khalid financial district has instructed all staff to work remotely, and several global executives have withdrawn from participating in upcoming energy conferences in Riyadh, although organizers confirmed that the World Petroleum Congress will continue as planned. Additionally, companies such as Akasa Air India have halted their operations to Saudi Arabia, and several foreign governments have issued travel warnings regarding transit through Riyadh.

Saudi Arabian Civil Aviation Authority (GACA) temporarily suspended airport operations following the casualties on Saturday. The Saudi-led coalition has blamed Iran-backed Houthis in Yemen for these attacks and promised a strong military response.

Source: hellenicshippingnews.com