Iran Says It Will Retain Control of the Strait of Hormuz After U.S. Sanctions Relief

Tehran reiterated that it will keep managing the Strait of Hormuz even as Washington announced a two‑month suspension of some sanctions on Iranian oil. The suspension is part of Swiss‑brokered talks aimed at ending the Middle‑East war, in which U.S. Vice‑President Jai De Vans praised the “solid foundations” for a final agreement.

Iranian chief negotiator Mohammad Bagher Ghalibaf said the strait will never revert to its pre‑war regime and that Iran will continue to "manage" the vital maritime route, which carries about 20 % of global oil and LNG shipments. In exchange, Iran secured the release of $12 billion in frozen assets in two $6 billion installments, with the United States insisting the funds will not finance terrorism.

The talks, mediated by Pakistan and Qatar, have set a 60‑day deadline, extendable if needed, and involve technical meetings in Oman. Oil prices responded, with Brent falling below $80 per barrel. Parallel statements from U.S. officials, including President Donald Trump, ranged from affirming open navigation to threatening punitive steps if Iran breaches the deal, while Iran denied agreeing to IAEA nuclear inspections.

The outcome will affect global oil markets, regional security and the future of U.S.–Iran relations.