Iran has rejected a US proposal to unfreeze Iranian assets in return for guaranteeing free passage through the Strait of Hormuz, according to reports from TASS and Press TV.
Tehran maintains its right to control the waterway and has warned of tough measures against any vessels that do not use routes approved by the Iranian government.
The Wall Street Journal first reported the diplomatic overture, which aimed to persuade Iran to drop plans to impose transit fees on shipping traffic.
The Wall Street Journal first reported the diplomatic overture, which aimed to persuade Iran to drop plans to impose transit fees on shipping traffic.
The rejection underscores the persistent geopolitical friction surrounding one of the world’s most critical energy chokepoints.
With Iran refusing to back down on its demands for route control, the risk of further disruption to global oil flows remains elevated.
This development follows earlier reports that Iran had presented a draft memorandum to the US proposing the reopening of the strait in exchange for the lifting of American oil sanctions, a proposal that appears to have stalled amid the latest diplomatic impasse.