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2026-11-09T17:03:57.000Z

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Iran Denies Hormuz Swap

Iran Denies Hormuz Swap

Iran denied holding negotiations to exchange the reopening of the Strait of Hormuz for the release of $8 billion in frozen assets. It said it remained committed to seven conditions for any negotiations, including the lifting of the blockade and sanctions, guarantees of safe passage, and an end to the war. Iran’s Foreign Ministry said consultations were continuing under the mediation of Qatar and Pakistan, and that Tehran would accept only an agreement that safeguarded its rights. Separately, President Masoud Pezeshkian said Supreme Leader Mojtaba Khamenei had directed that the state of “neither war nor peace” be brought to an end. He said Iran was ready for dialogue but would not surrender to pressure.

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