U.S., Iran weigh new talks as Hormuz standoff persists

Summary

U.S., Iran officials discussed possible new talks as a ceasefire held and tensions over the Strait of Hormuz continued.

Why this matters

The standoff affects global energy flows and prices because the Strait of Hormuz is a critical oil shipping route. New talks could shape whether the conflict widens or moves toward a negotiated settlement.

Efforts were underway for a second round of U.S.-Iran talks as tensions over the Strait of Hormuz continued, despite a ceasefire that appeared to be holding.

Talks on ending the conflict, which began Feb. 28 with U.S. and Israeli strikes on Iran, ended last weekend without an agreement. Pakistan has proposed hosting another round in the coming days. Two Pakistani officials, speaking on condition of anonymity because they were not authorized to speak publicly, said the first talks were part of an ongoing diplomatic process.

Two U.S. officials, also speaking on condition of anonymity due to the sensitivity of the negotiations, said discussions continued on Monday toward a new round of talks.

The United States said it had blockaded Iranian ports to pressure Tehran, which has continued exporting oil, largely to Asia, since the war began. Questions remained Tuesday about how the blockade would be enforced and whether ships would comply.

Shipping data showed some tankers approaching the strait turned around after the blockade took effect Monday. Lloyd’s List, citing Vortexa, reported that the tanker Rich Starry had been waiting off the United Arab Emirates. It was not immediately clear whether it had previously docked in Iran, but the U.S. Treasury Department lists it as linked to Iranian shipping. Lloyd’s List said registry and tracking data showed the vessel was owned by a Chinese shipping company and bound for China.

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