Switzerland: US Vice President JD Vance said the Strait of Hormuz is open again and crude oil and natural gas are flowing through it, while the IAEA will also return to Iran.
“We want to create a mechanism to keep the Strait of Hormuz open. It is open again,” he said when he delivered a speech after the first round of US-Iranian talks concluded in the central Swiss resort of Buergenstock.
He added that with the price of gas and oil falling, millions of barrels of crude oil and natural gas are flowing through the Strait of Hormuz like never before.
The Strait of Hormuz controls about 20 percent of the world’s seaborne oil flow. Iran tightened its control over the Strait of Hormuz after Israel and the United States launched a joint attack on Iran on February 28. The United States imposed a naval blockade targeting ships traveling to and from Iran.
Vance also said Iran had agreed to invite inspectors from the International Atomic Energy Agency (IAEA) to return to their country.
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