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Iranian official proposes conditions for opening the Strait of Hormuz: first compensate Iran's war losses with past shipping taxes.
Mars Finance reports: On April 5, according to China Central Television (CCTV) News, Mehdi Tabatabaei, Deputy Director for Press and Communications at the Iranian Presidential Office, made a tough statement on April 5 regarding the regional situation and the issue of passage through the Strait of Hormuz. Tabatabaei launched a fierce attack on U.S. President Trump and his policies on social media, accusing him of resorting to insults out of “desperation and anger,” and saying that his reckless actions have triggered a full-scale war in the region. Regarding the management of the Strait of Hormuz, Tabatabaei proposed that the Strait of Hormuz would only fully reopen after a new legal framework is established and Iran is compensated for all losses it suffered in past wars using past ship-toll revenue. In addition, according to CNN, details of “possible proposals” being discussed between Oman and Iran to restart passage rights through the Strait of Hormuz are emerging. An Oman source said the relevant negotiations have been ongoing for about two weeks, with the focus on drafting a “safe passage agreement” to restore commercial shipping routes. The proposal would require that oil and gas transport vessels passing through the Strait of Hormuz register with Iran and agree to fly the flags of non-belligerent countries. This effectively means acknowledging Iran’s jurisdiction over this strategic waterway. These proposals are seen as one of Oman’s last efforts to prevent further escalation of the war, given that it is rich in energy resources. Oman previously acted as a mediator between Washington and Tehran. But the source noted that pushing for the agreement “is extremely difficult under wartime conditions,” and added that the best solution is still an immediate ceasefire. According to PolyBeats monitoring, on the prediction market Polymarket, the probability that “the Strait of Hormuz resumes operations this month” is as low as 12%.