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Market Chatter: Iran Considers Allowing European Nations to Join Demining Efforts in Strait of Hormuz

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Iran is considering allowing European countries to remove mines from the Strait of Hormuz as part of a deal to normalize shipping in the waterway and ease peace negotiations with the US, Bloomberg reported Tuesday, citing diplomats familiar with the matter.

Iran has repeatedly said in public it will not allow foreign nations to join demining efforts in the Strait, but Tehran's stance has softened in recent private meetings, according to the report.

Any European demining mission would be contingent on Iran's security assurances for the naval vessels and sustainable ceasefire agreements, the report added.

Iran's Ministry of Foreign Affairs didn't immediately respond to a request for comment by.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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