**No Return to Pre-War Status for Strait of Hormuz, Says Iran's Foreign Minister**
Iranian Foreign Minister Abbas Araghchi has stated that control over the strategically significant Strait of Hormuz will not revert to its pre-war conditions. This declaration comes as the United States and Iran are reportedly finalizing a deal aimed at resolving the ongoing conflict that erupted on February 28, following joint US-Israeli military actions against Iranian territory, which included the assassination of key Iranian officials, notably the country's supreme leader, Ali Khamenei.
The Strait of Hormuz is a crucial maritime corridor, responsible for the transit of approximately 25% of the world's seaborne oil and liquefied natural gas (LNG trade). Since the onset of hostilities, the strait has largely remained closed, although former President Donald Trump noted that US military efforts had facilitated the passage of over 200 vessels through the waterway.
In his remarks, Araghchi emphasized that the strait lies under the sovereignty of Iran and Oman, asserting that the management of this vital waterway will undergo significant changes. He indicated that Iran and Oman are preparing to release a joint statement that will outline a new framework for the administration of the Strait of Hormuz.
According to Araghchi, Iran plans to implement service fees for vessels passing through the strait, reinforcing Tehran's claim to full sovereignty over the area and its intention to collect tolls from maritime traffic. This move marks a shift in Iran's approach to the management of the strait, which has historically been a focal point of geopolitical tensions.
The foreign minister also highlighted a key aspect of the impending agreement: for the first time in nearly five decades, the United States would commit to respecting Iran's sovereignty and refraining from interference in its internal affairs. This memorandum of understanding, pending final approval, is expected to encompass a comprehensive resolution to the conflict, addressing various fronts, including tensions in Lebanon.
In the wake of recent US military strikes on Iranian positions, Iran had declared the Strait of Hormuz closed to all shipping. However, following Trump's decision to call off a retaliatory attack, he expressed optimism that peace talks could lead to a signed agreement as early as the upcoming weekend.
As the situation develops, the international community is closely monitoring the negotiations between the US and Iran, particularly regarding the implications for global oil markets and maritime security in the region. The Strait of Hormuz remains a critical chokepoint, and any changes in its administration or control could have far-reaching consequences for international trade and geopolitical stability.