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US-Iran talks aim for Hormuz deal
The US-Iran negotiations in New York revolve around reaching a temporary understanding to open the Strait of Hormuz to international navigation, in exchange for lifting the economic blockade on Iran and releasing frozen funds. The talks face a major obstacle, which is each side holding firmly to its positions: Iran seeks to maintain its administrative oversight of the waterway and avoid concessions, while Washington believes that sanctions have significantly impacted Iran's economy and holds the upper hand in negotiations. This step is considered important for easing regional tensions and stabilizing oil markets, but it requires guarantees and a halt to the risk of military escalation if the negotiations falter.
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