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US and Iran Explore Phased Deal to Reopen Hormuz

US and Iran Explore Phased Deal to Reopen Hormuz
US-Iran war: Will Strait of Hormuz reopen and blockade end? Both nations discuss phased deal, says report · livemint.com

The United States and Iran are discussing a possible way to stop their long conflict.

Iran has blocked the Strait of Hormuz, an important route for ships carrying oil.

The United States has used a blockade and sanctions to pressure Iran’s economy.

One proposed plan would have Iran reopen the waterway while the United States removes the blockade.

Iran might also receive access to money held outside the country.

Neither side wants to make the first major concession because each wants to keep its bargaining power.

Gulf countries want the fighting to stop but do not want Iran controlling the waterway.

The talks could become harder after the US congressional elections on November 3.

Officials warn that failure could increase the risk of renewed escalation.

Key facts

Proposed first step
Iran would reopen the Strait of Hormuz and the United States would lift its economic blockade.
Iranian priority
Ending the blockade has become more urgent than securing payment of transit fees.
Possible financial relief
Iran could potentially gain access to frozen assets.
US political timing
President Donald Trump has said a deal could be reached after the November 3 midterm elections.
Deal prospects
Former US negotiator Dennis Ross estimated a 30% chance of an agreement before the vote.
Regional position
Gulf states want de-escalation but reject Iranian control of Hormuz and the use of the waterway as leverage.
Main obstacle
Neither side wants to surrender its leverage before receiving tangible concessions.

Quotes

A senior Iranian official

Iranian official involved in or familiar with the negotiations

“Our fingers are on the trigger. The Americans know what they need to do but, because of their excessive demands, the chances of diplomacy resolving this are extremely low”
livemint.com
“Iran is desperate for a deal, President Trump holds all the cards and will make whatever decision is best for the United States.”
livemint.com

Ebtessam al-Ketbi

President of the Emirates Policy Center think tank in Abu Dhabi

“It’s still not clear what Trump’s endgame is, or what the alternative to the pressure campaign would be.”
theprint.in

Sources

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