Berliner Boersenzeitung - Strait of Hormuz to stay closed until port blockade lifts, Iran says

EUR -
AED 4.238611
AFN 75.611352
ALL 93.114312
AMD 422.436263
AOA 1058.353508
ARS 1729.398441
AUD 1.635917
AWG 2.077466
AZN 1.944872
BAM 1.955042
BBD 2.326508
BDT 142.72468
BHD 0.435644
BIF 3450.337384
BMD 1.154148
BND 1.478159
BOB 13.745672
BRL 5.895379
BSD 1.155057
BTN 110.020543
BWP 15.561373
BYN 3.434084
BYR 22621.293968
BZD 2.32311
CAD 1.608166
CDF 2620.493188
CHF 0.935275
CLF 0.026837
CLP 1056.241645
CNY 7.787723
CNH 7.785528
COP 3619.199288
CRC 524.41264
CUC 1.154148
CUP 30.584913
CVE 110.222278
CZK 24.256433
DJF 205.690274
DKK 7.475644
DOP 67.345939
DZD 153.23383
EGP 57.557225
ERN 17.312215
ETB 186.781767
FJD 2.5524
FKP 0.856091
GBP 0.854467
GEL 3.011989
GGP 0.856091
GHS 13.560744
GIP 0.856091
GMD 84.829109
GNF 10144.19994
GTQ 8.813431
GYD 241.906237
HKD 9.0555
HNL 30.962938
HRK 7.535435
HTG 151.03473
HUF 364.744172
IDR 20563.448705
ILS 3.460308
IMP 0.856091
INR 110.076774
IQD 1513.213477
IRR 1586635.629843
ISK 142.202794
JEP 0.856091
JMD 183.44446
JOD 0.818233
JPY 183.783585
KES 149.311712
KGS 100.929934
KHR 4683.286199
KMF 491.666793
KRW 1633.315462
KWD 0.356689
KYD 0.962627
KZT 538.521269
LAK 26086.8887
LBP 103438.75517
LKR 387.129948
LRD 208.481967
LSL 18.689956
LTL 3.407898
LVL 0.698133
LYD 7.361147
MAD 10.771525
MDL 20.075306
MGA 4947.211051
MKD 61.501162
MMK 2423.190229
MNT 4148.299243
MOP 9.334382
MRU 46.331447
MUR 54.256349
MVR 17.831569
MWK 2002.975709
MXN 19.78382
MYR 4.725106
MZN 73.755792
NAD 18.689956
NGN 1572.041246
NIO 42.504446
NOK 10.956381
NPR 176.044104
NZD 1.96148
OMR 0.443769
PAB 1.155052
PEN 3.901688
PGK 5.107109
PHP 70.526508
PKR 320.683192
PLN 4.303589
PYG 6875.364888
QAR 4.210768
RON 5.243987
RSD 117.397594
RUB 95.218856
RWF 1696.893742
SAR 4.322579
SBD 9.309005
SCR 15.952041
SDG 693.063099
SEK 10.955397
SGD 1.477673
SLE 28.394687
SOS 660.16414
SRD 43.569652
STD 23888.526169
STN 24.490932
SVC 10.107082
SZL 18.686838
THB 38.134174
TJS 10.666896
TMT 4.051058
TND 3.385988
TRY 55.091853
TTD 7.834963
TWD 37.214572
TZS 3058.488994
UAH 51.815763
UGX 4302.332412
USD 1.154148
UYU 46.531763
UZS 13782.65783
VES 872.261394
VND 30150.376172
VUV 137.766464
WST 3.155113
XAF 655.719887
XAG 0.017562
XAU 0.000262
XCD 3.119141
XCG 2.081793
XDR 0.815505
XOF 655.705689
XPF 119.331742
YER 275.123421
ZAR 18.692002
ZMK 10388.698743
ZMW 21.605719
ZWL 371.635073
  • RIO

    0.8100

    101.91

    +0.79%

  • CMSC

    -0.1738

    21.57

    -0.81%

  • BTI

    -2.2800

    57.05

    -4%

  • BCE

    -0.2100

    22.54

    -0.93%

  • NGG

    -1.4000

    79.48

    -1.76%

  • JRI

    -0.0800

    12.73

    -0.63%

  • CMSD

    -0.1300

    21.69

    -0.6%

  • BCC

    -1.8500

    84.75

    -2.18%

  • RBGPF

    -0.6200

    69.88

    -0.89%

  • BP

    1.2500

    42.88

    +2.92%

  • GSK

    -0.8000

    52.16

    -1.53%

  • RELX

    0.1000

    35.62

    +0.28%

  • AZN

    0.4900

    161.91

    +0.3%

  • VOD

    -0.4400

    15.75

    -2.79%

  • RYCEF

    -0.2800

    20.57

    -1.36%

Strait of Hormuz to stay closed until port blockade lifts, Iran says
Strait of Hormuz to stay closed until port blockade lifts, Iran says / Photo: - - US Central Command (CENTCOM)/AFP

Strait of Hormuz to stay closed until port blockade lifts, Iran says

The crucial Strait of Hormuz will not reopen until the United States lifts its naval blockade on Iranian ports, Tehran said Saturday, as a top official warned that a final peace deal remained "far" off.

Text size:

Mohammad Bagher Ghalibaf, speaker of the Iranian parliament, said in a televised address that there has been "progress" in talks with Washington "but there are many gaps and some fundamental points remain."

"We are still far from the final discussion," said Ghalibaf, one of Tehran's negotiators in the talks aimed at ending the war launched by Israel and the United States against the Islamic Republic.

A two-week ceasefire is set to end on Wednesday unless it is renewed.

US President Donald Trump said meanwhile that "very good conversations" were going on with Iran but warned Tehran against trying to "blackmail" the United States.

On Friday, Tehran had declared the Strait of Hormuz, which usually carries a fifth of the world's oil and liquefied natural gas, open after a ceasefire was agreed in Israel's war with Iran's ally Hezbollah in Lebanon.

This prompted elation in global markets and sent oil prices plunging, but with Trump insisting the blockade of Iranian ports would continue until a deal is struck to end the wider war, Tehran said it was shuttering the strait once more.

"If America does not lift the blockade, traffic in the Strait of Hormuz will definitely be limited," Ghalibaf said.

Iran's supreme leader Mojtaba Khamenei, who has yet to be seen since taking power, said meanwhile in a written message that Iran's navy "stands ready" to defeat the United States.

Trump, speaking to reporters at a White House event, accused Iran of getting "a little cute" with its recent moves and warned Tehran not to try to "blackmail" Washington with its flip-flopping on the Strait of Hormuz.

"We have very good conversations going on," the president said, adding that the United States was "taking a tough stand."

- 'Targeted' -

Iran's Revolutionary Guards warned that any attempt to pass through the strait without permission "will be considered cooperation with the enemy, and the offending vessel will be targeted."

A handful of oil and gas tankers crossed the strait early on Saturday during the brief reopening, tracking data showed, but others retreated and tracking platforms showed hardly any vessels crossing the waterway by the late afternoon.

A UK maritime security agency said the Revolutionary Guards fired at one tanker, while security intelligence firm Vanguard Tech reported the force had threatened to "destroy" an empty cruise ship that was fleeing the Gulf.

In a third incident, the UK agency said it received a report of a vessel "being hit by an unknown projectile which caused damage" to shipping containers but no fire.

The Indian foreign ministry said it had summoned the Iranian ambassador in New Delhi to lodge a protest over a "shooting incident" involving two Indian-flagged ships in the strait.

- French UN peacekeeper killed -

On the diplomatic front, Egypt, which has been involved in mediation efforts along with Pakistan, appeared optimistic on Saturday with Foreign Minister Badr Abdelatty saying Cairo and Islamabad hoped to secure a final agreement "in the coming days."

Two major sticking points in the talks have been Iran's stockpile of near-weapons-grade enriched uranium and the future of the Strait of Hormuz.

Trump declared Friday that Iran had agreed to hand over its 440 or so kilograms of enriched uranium. "We're going to get it by going in with Iran, with lots of excavators," he said.

Iran's foreign ministry has said the stockpile, thought to be buried deep under rubble from US bombing in last June's 12-day war, was "not going to be transferred anywhere" and surrendering it "to the US has never been raised in negotiations."

The Middle East war began on February 28 with a massive wave of US-Israeli surprise attacks on Iran, despite Washington and Tehran being engaged in negotiations at the time.

The conflict rapidly spread across the region, with Iran targeting neighboring Gulf countries and Hezbollah dragging Lebanon into the conflict by launching rockets at Israel.

A French soldier was killed and three others wounded in an ambush on Saturday on UN peacekeepers in Lebanon that French President Emmanuel Macron blamed on Hezbollah, an accusation the group denied.

UN Secretary-General Antonio Guterres condemned the attack in a statement and said an initial assessment by the United Nations Interim Force in Lebanon (UNIFIL) found it was carried out by Hezbollah.

burs/cl/acb

(G.Gruner--BBZ)