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Iran denies talks to reopen Hormuz in exchange for frozen assets

Tehran, Nov 10 (Prensa Latina) Iran denied reports that it is negotiating to reopen the Strait of Hormuz to maritime traffic in exchange for releasing 8 billion dollars in frozen assets, Fars news agency reported.

An Iranian official, who requested anonymity, described these reports as false and reiterated that Tehran has conditioned any negotiations on fulfilling seven demands previously communicated to Washington.

Tehran’s conditions include lifting the naval blockade, guaranteeing safe passage of commercial vessels and oil tankers through the Strait of Hormuz, lifting unilateral sanctions and exempting oil exports from restrictions, and releasing frozen Iranian assets.

Iran also seeks the retention of nuclear materials inside the country and an end to the war.

The United States and Israel launched a war on Iran on February 28, 2026.

Although a ceasefire was reached in April, clashes resumed in July, as diplomatic efforts to resolve the conflict stalled.

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