Iran outlines conditions to reopen Strait of Hormuz

Iran has announced conditions to reopen the Strait of Hormuz, following Donald Trump's declaration that he could "obliterate the Islamic Republic." The country is maintaining negotiations with the United States, which continues to block Iranian ships and impose economic sanctions.

Iran's reaction to Trump's threats

In a statement by the General Staff, Iran's armed forces called Trump's threats "strategic desperation." The statement, published by the Mehr news agency, highlighted that "the words demonstrate the US strategic endpoint in its aggression against the Iranian nation." Iran warns that it could respond with "more crushing attacks" than those already carried out in the nearly seven-month conflict.

Conditions proposed by Iran

Iran has presented three requirements for the resumption of activities in the strait: 1) cease US "acts of aggression," 2) end the naval blockade and economic warfare, and 3) release Iranian assets. Foreign Minister Esmaeil Baghaei described these demands as conditions for peace on all fronts.

Possible reopening within a week

A senior Iranian official stated that the strait could be reopened within a week if the US reduces military pressure and lifts the blockade of Iranian ports. The proposal includes details to restore oil and gas traffic, which previously accounted for about 20% of global exports.

Impact on maritime trade

Maritime flows through Hormuz remain below normal. In the seven days leading up to September 20, the average of transits was 6.98 million barrels per day, 38% of the pre-conflict baseline of 18.3 million. Iran's crude oil exports dropped to zero in September, contrasting with 893,000 barrels per day in July.

Reaction of the oil markets

Oil prices saw a slight increase. Brent rose 1% to $100.32 per barrel, while West Texas Intermediate increased 0.3% to $90.88. The drop in Hormuz traffic and the naval blockade continue to influence global prices.

Current context of negotiations

Iran has been negotiating with the US through a Qatari mediator in New York. The interim peace agreement between Washington and Tehran that had been signed in July collapsed weeks later. So far, neither party has signaled when the next round of talks will take place.

With information from CNBC.