Iran turns Hormuz into bargaining power
Continues from last evening.
Iran set out six conditions for reopening the Strait of Hormuz, including an end to US threats, sanctions relief, compensation for war damage and the release of frozen assets. Tehran also signalled that Oman-mediated talks may produce only a temporary navigation route, not a full reopening of the waterway that normally carries about a fifth of traded oil and gas. Emirati authorities said an ADNOC vessel was hit by an Iranian missile on Saturday without casualties, while maritime monitors reported another projectile strike east of Khasab that caused a fire before crews extinguished it.
“We're really in the middle of the game here. This thing is not over.”
Washington treated the talks as progress rather than a settlement. Vice-President JD Vance said the administration was using diplomatic, economic and military tools, while President Donald Trump has demanded the immediate and complete opening of the strait and an end to Iran's nuclear threat. Iran, for its part, framed the passage less as a toll booth than as a sovereignty claim, which makes any compromise harder than simply policing shipping lanes.
The regional answer also shifted. Saudi Arabia, Pakistan and Turkey signed the Mecca Joint Defence Agreement, whose mutual-defence clause resembles NATO's Article 5, though Turkish Foreign Minister Hakan Fidan insisted it targets no state and does not conflict with Turkey's NATO duties. That gives three Sunni-majority US allies a new security frame at the same time America and Iran are still testing each other's limits. The strait is no longer just a maritime problem; it has become the place where oil, sovereignty and alliance arithmetic meet.
Reporting from: ANSA.it, Reuters, 20 Minuten, LaVanguardia, Deutsche Welle, oko.press