International conflicts often involve complex diplomatic negotiations where nations use leverage such as trade routes and frozen assets to achieve their objectives, as demonstrated by Iran's demands for access to its $24 billion in frozen assets in exchange for reopening the strategically critical Strait of Hormuz.
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Iran vows to leave “no act of aggression unanswered” after US strikes near HormuzAdded:
US Secretary of State Marco Rubio arrives for a trade mission in Armenia, a nation that borders Iran. While on route, he insisted a new peace deal with Iran could be equally close.
>> It's going to take a couple days uh to settle on even down to the disagreements over a word uh sentence. So, we'll have to work through that. His priority for a 60-day ceasefire is also about trade, specifically through the Strait of Hormuz.
>> The straits have to be open.
>> Rubio's cautious optimism just hours after American air strikes on the south of Iran. The US military says it was a defensive operation against missile sites and mine laying ships. For its part, Iran's Revolutionary Guard claims it shot down a US Reaper drone, saying it has the right to respond to the US.
This flare up hardly a good omen.
Neither is the latest statement from Iran's Supreme Leader Mushtah Kamayi who said that America will no longer have a safe place in the region for mischief and the establishment of military bases.
Adding that America's partner in the war, Israel, will move closer to the end of its ominous existence. Israel's military action in Lebanon remains a sticking point for Thran as our demands over Iran's nuclear program. But talks did continue in Doha between Iran and Katy mediators Tuesday. Iran reportedly wants access to its $24 billion of frozen assets, something that would essentially be a price for fully reopening the Strait of Hormuz. Redmond Shannon, Global News, London.
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