Latest / GNN Daily Breaking News / Proposed Hormuz Deal Gives Iran Inbound Control

Transcript

Proposed Hormuz Deal Gives Iran Inbound Control · GNN Daily Breaking News

• 0:00
  Speaker 1: Diplomatic sources say a proposed deal to reopen the Strait
• 0:03
  Speaker 1: of Hormas would give Iran control over inbound shipping traffic,
• 0:07
  Speaker 1: a concession that has raised alarm among Gulf states and
• 0:11
  Speaker 1: Western allies. The plan, discussed in ongoing negotiations mediated by
• 0:16
  Speaker 1: Qatar and Oman, would allow Iranian authorities to oversee and
• 0:21
  Speaker 1: regulate vessels entering the strait, while outbound traffic would remain
• 0:26
  Speaker 1: under international monitoring. Officials involved in the talks said the
• 0:30
  Speaker 1: arrangement is designed to address Tehran's security concerns while ensuring
• 0:34
  Speaker 1: the resumption of global energy flows disrupted by months of conflict.
• 0:39
  Speaker 1: Iranian negotiators have insisted that control of inbound traffic is
• 0:44
  Speaker 1: a matter of sovereignty and national defense. They argue that
• 0:48
  Speaker 1: foreign military presence near the strait poses a threat, and
• 0:52
  Speaker 1: that Iran must have authority over ships approaching its territorial waters.
• 0:57
  Speaker 1: Western diplomats, however, warn that such a concession could give
• 1:00
  Speaker 1: Tehran leverage over global oil and gas shipments. The Strait
• 1:05
  Speaker 1: of Horma's handles nearly twenty percent of the world's petroleum trade,
• 1:09
  Speaker 1: and any disruption could send energy markets into turmoil. Critics
• 1:14
  Speaker 1: fear Iran could use its control to pressure rivals or
• 1:17
  Speaker 1: retaliate against sanctions. The proposal comes amid fragile negotiations between
• 1:22
  Speaker 1: the United States and Iran, with both sides seeking to
• 1:26
  Speaker 1: end the five month conflict that has killed thousands and
• 1:29
  Speaker 1: displaced millions. President Trump recently described the talks as very
• 1:34
  Speaker 1: good discussions, but also warned that Iran would get hit
• 1:38
  Speaker 1: really hard if it backs out. Gulf states hosting US
• 1:42
  Speaker 1: bases remain wary. Officials in Saudi Arabia and the United
• 1:46
  Speaker 1: Arab Emirates have expressed concern that Iran's expanded role in
• 1:51
  Speaker 1: Hormas could undermine regional security. Humanitarian groups also worry that
• 1:56
  Speaker 1: the deal could complicate aid shipments, particularly if Iran imposes
• 2:00
  Speaker 1: restrictions on inbound cargo. Markets reacted cautiously to reports of
• 2:05
  Speaker 1: the proposal. Oil prices dipped slightly on hopes of progress,
• 2:10
  Speaker 1: but analysts warned that uncertainty over Iran's role could trigger volatility.
• 2:15
  Speaker 1: Shipping companies said they would welcome a reopening of Hormas,
• 2:19
  Speaker 1: but stress the need for clear guarantees of safe passage.
• 2:23
  Speaker 1: For now, the deal remains under negotiation, with mediators saying
• 2:27
  Speaker 1: differences are narrowing, but no final agreement has been reached.
• 2:31
  Speaker 1: The question of inbound traffic control is expected to be
• 2:35
  Speaker 1: one of the most contentious issues as talks continue.