Summary
- Iran parliament reviews draft Hormuz plan banning US- and Israel-linked vessels.
- Oil rises as proposed Strait restrictions raise supply concerns.
- Houthis intensify attacks on Saudi oil shipping in the Red Sea.
- Yemen fighting escalates amid reports of major casualties.
- Iran-Oman talks continue as US backs diplomatic solution, searches for offramp.
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Deal Details: US-Israeli vessels Banned from Hormuz (Fars)
Iranian state media (Fars) has issued details of the Iran-Omani draft plan for transit rules through the Strait of Hormuz and the Persian Gulf. The country's parliament is said to currently be reviewing it, while Tehran still insists that the US has been sidelined, saying that the Oman-Iran contacts are bilateral.
As cited in Bloomberg from state media, key proposals include:
- Ban vessels linked to the U.S., Israel, and other hostile states
- Block military and civilian cargo tied to Israel
- Restrict ships linked to actions against the "Axis of Resistance"
- Deny passage to parties owing compensation to Iran
- Impose fines of up to 20% of cargo value for violations
The first note about banning US-linked vessels could alone serve to restart the war. The White House has appeared to genuinely be searching for an exit strategy, but this may be too hard a pill to swallow, if accurate.
Fars has spelled out that "The passage of vessels
