US and Iran Mull Temporary Deal to Reopen Key Strait Shipping
Officials briefed on the talks see a potential agreement as a stopgap to resolve the U.S.-Iranian dispute over shipping through the strategic waterway.
Officials familiar with the negotiations described the prospective deal as a temporary solution to the ongoing U.S.-Iranian dispute over maritime transit through the key strait.
According to the officials, the arrangement is linked to a June agreement between Washington and Tehran that aimed to halt hostilities and reopen the waterway, but that deal ultimately fell apart. The new effort would seek to secure shipping lanes, though the talks remain delicate and no final terms have been announced.
Source: First Squawk