Geopolitics

Iranian Foreign Minister Araghchi posts comments from a previous conversation stating sovereignty over the Strait exists, and nobody denies it. If one day we decide to exercise our sovereignty and even close the Strait, we will do it

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Iran's claim of sovereignty and intent to charge transit fees in the Strait of Hormuz has triggered a volatile standoff with the US, heightening energy supply risks and maritime costs.

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Says:"After all, at some point we reach solutions. Right now, we’ve reached the conclusion that from now on we will charge a cost for services. No one can deny this. We provide almost more than twenty types of services, and for years we’ve been doing these services. For example, providing security itself is a service.""This memorandum of understanding has opened the way for a legal, political, and diplomatic path that ultimately will lead to a system for administering the Strait of Hormuz—so that both our interests are ensured and our sovereignty is exercised. We will not leave this issue; we will certainly follow it until it reaches a result. And wherever it is necessary to use force, finally force will be used—just as happened in the past few nights. But we must know that in the end we have to reach an acceptable formula with credibility for the Strait of Hormuz; a formula under which both calm is established in the Strait and ships can transit with security."

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