‘Won't return to pre-war conditions’: Iran says Hormuz will be administered by them

AI Summary

Iran's chief negotiator declared that the country will administer the strategic Strait of Hormuz, rejecting any pre-war agreements. Simultaneously, Iran secured $12 billion in overseas frozen assets and agreed to a communication framework to monitor maritime activities and prevent conflicts in the area.

In a bold statement, Iran's chief negotiator, Mohammad Baqer Qalibaf, affirmed Tehran's control over the crucial Strait of Hormuz, dismissing any pre-war stipulations. Concurrently, negotiations in Switzerland culminated in securing $12 billion worth of Iranian assets stuck overseas. Additionally, Iran consented to create a communication framework to monitor maritime activities in the vital waterway, aimed at preventing possible clashes and misunderstandings.