Talks begin on potential Strait of Hormuz access, but Iran holds all the cards.
Iran is in talks with Japan about possibly allowing its ships through the Strait of Hormuz. Since the conflict, traffic is a fraction of what it was, with passage granted selectively. Iran holds significant control, and analysts say they'd only reopen it for a compelling incentive, not goodwill. Key alternatives like ports in the UAE and Oman have been targeted, limiting options. Even if reopened, the threat of attacks and the underlying tensions would remain.
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