IRAN SAYS HORMUZ COULD OPEN ON DAY SIX IF U.S . MEETS ITS TERMS

What happened: Iran said it could open the Strait of Hormuz on the sixth day after Washington meets Tehran's conditions, keeping the oil route's future tied to an unresolved U.S.-Iran dispute. Iranian Foreign Minister Abbas Araqchi said Oct. Why it matters: The IEA said disrupted Middle East exports plus reduced supply from Russia and some Asian countries tightened diesel availability, and high freight rates made delivered crude costlier for refiners. Rezaei said Washington accepted some of Tehran's seven conditions but its response fell short overall.

Iran said it could open the Strait of Hormuz on the sixth day after Washington meets Tehran's conditions, keeping the oil route's future tied to an unresolved U.S.-Iran dispute. Iranian Foreign Minister Abbas Araqchi said Oct.

The IEA said disrupted Middle East exports plus reduced supply from Russia and some Asian countries tightened diesel availability, and high freight rates made delivered crude costlier for refiners. Rezaei said Washington accepted some of Tehran's seven conditions but its response fell short overall.