Iran proposes seven-step plan, says Hormuz can reopen in two days
Tehran conditions the reopening of the Strait of Hormuz on US acceptance, and the proposal remains under negotiation by mediators.
BY THE X-TRADER NEWS NEWSROOM · REPORTING FROM INFOMONEY · 2 MIN
Iran presented a seven-step plan to unlock diplomacy with the United States and signaled that the Strait of Hormuz, blocked by Tehran since the start of the war, could soon be used again. According to InfoMoney, the spokesman for the Iranian Ministry of Foreign Affairs, Esmail Baghaei, stated in a press conference that the implementation of the proposal is possible “in the next few days”.
The proposal was presented by Tehran during the visit of an Iranian delegation to New York. According to the Iranian government, the seven-step plan is the basis of diplomacy with Washington, conducted through mediators.
The point that caught the most attention was the deadline. According to Times Brasil, Iran said it could reopen the crossing in two days if the US accepts its conditions. The previous version predicted six days after the American response. Exame also reported that Tehran is studying the two-day plan, conditional on Washington's acceptance. Baghaei, quoted by Times Brasil, stated that the reduction of the deadline shows Iran's good faith.
If Iranian demands are met, security in the Strait of Hormuz could be reestablished and negotiations would begin soon, according to InfoMoney. The route is treated by Times Brasil and Exame as essential for the transport of oil and gas, which gives the announcement weight beyond diplomacy.
Still, everything depends on Washington's response. The Iranian government itself treats the reopening as conditional, and the recent history of deadlines for the proposal shows that the calendar can change.
What changes for the investor
For those who follow oil, energy, inflation and interest rates, the topic is the global supply of oil and gas. As sources describe Hormuz as an essential route for these products, any sign of reopening is on the radar of those operating commodities and interest. If the passage returns to operating safely, the theoretical tendency is for less pressure on the cost of energy, which alleviates inflation and could influence expectations for the interest rate. If the plan stalls, uncertainty continues. As the market usually reacts to announcements before the facts are confirmed, the news can already affect prices, but the actual effect depends on the proposal getting off the ground. This article does not recommend the purchase or sale of any asset.
Automatically translated from Portuguese.
