Strait Deal “Very Close”—But Tehran’s Price Tag Could Keep Oil Flows Tight

🚨 🇮🇷 🛳️ Iranian Foreign Minister Abbas Araghchi said a temporary maritime transit route for ships entering and leaving the Persian Gulf is “very close.” However, Tehran reiterated demands on Washington, signaling any relief for oil and gas flows may be limited. Araghchi stressed that opening the strait depends on additional conditions, including U.S. compensation for violations of the now-lapsed Islamabad Agreement, a June memorandum that collapsed within a month over disputes about control of Hormuz

Cockpit Alpha: See the Waves Before They Rise

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