Iran agrees to set conditions for reopening Strait of Hormuz
Iran will draw up a list of terms to reopen the Strait of Hormuz. Qatar's PM pushed for this during Thursday's talks in Tehran.
Why it mattersThe strait handles much of the world's oil. Opening it again could bring down oil prices. It would restore trade routes closed for six months by the war.
AustraliaAustralia's trade and energy security could improve if shipping through this critical waterway resumes and oil prices stabilise.
Corroborated byperthnow.com.au·perthnow.com.au
✓ Claims checked against the source. checked 2 h ago
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