Iran’s Security Chief Mohsen Rezaei said on Friday that Tehran is preparing a list of its conditions to open the Strait of Hormuz in response to a request by mediators, adding that conditions include ending the war in the region, Reuters reported, citing an interview on Lebanese…
zbollah-affiliated Al Manar TV. Rezaei stated that the “US must first take practical steps to fulfil Iran’s conditions, and then Iran will proceed to open the Strait of Hormuz”, the Iranian state-run IRNA news agency reported
Iranian official warned on Thursday that the country will target US economic interests if the maritime blockade against the country continues. Rezaei said that Iran had “broken the maritime blockade” during the ceasefire and exported between 70 million and 80 million barrels of oil. He added that Iranian oil sales had returned to their pre-sanctions level.
Market reaction At the time of writing, the West Texas Intermediate (WTI) is up 1.77% on the day at $82.90. WTI Oil FAQs WTI Oil is a type of Crude Oil sold on international markets. The WTI stands for West Texas Intermediate, one of three major types including Brent and Dubai Crude.