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Iran says it will administer the Strait of Hormuz after Switzerland talks with the US

Tuesday, June 23, 2026Business & MarketsWell-covered3 frames

The Facts

  • Mohammad Bagher Ghalibaf said the Strait of Hormuz will not return to its pre-conflict arrangements and will be administered by Iran in line with international rules.
  • Ghalibaf made those remarks after returning from talks in Switzerland involving Iranian and US representatives.
  • Iranian and other reports said the sides agreed to establish communication mechanisms, described as a hotline or coordination center, to help manage incidents involving ships in the Strait of Hormuz.
  • Multiple reports said the Switzerland talks were part of efforts to move toward a broader agreement between the US and Iran, including work on issues such as Iran's nuclear program and sanctions.
  • Iranian officials and media reports said Iran is seeking or expecting the release of frozen Iranian funds as part of the ongoing talks, with several reports citing a figure of $12 billion.
  • The available reporting shows unresolved details around the frozen-funds issue, because Iranian officials and media described an asset release while Bloomberg reported that the US had not yet confirmed how much money Tehran would receive.

How left and right are reading this

Both agree
Switzerland talks appear to be linking shipping guardrails in the Strait of Hormuz to a broader US-Iran negotiation whose sanctions and frozen-funds terms remain unresolved.
They split on
Whether the story is about fragile deconfliction mechanisms reducing shipping risk, or about Iran asserting lasting control over a strategic waterway while bargaining over sanctions and funds.
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Context

Why is the Strait of Hormuz central to this story?

The strait is a major oil shipping chokepoint, so any change in how it is managed or any disruption to vessel traffic can affect energy markets, shipping and insurance costs Oneindia,mint,Albeu.com - Lajmet ….

What did Iran and the US reportedly agree to after the Switzerland talks?

Reports say they agreed to create communication channels for ship incidents in Hormuz, and broader negotiations are continuing on issues including Iran's nuclear program, sanctions and implementation mechanisms News18,Hindu,Deutsche Welle.

What remains unclear from the current reporting?

The main open question is the exact scope and terms of any release of frozen Iranian assets: Iranian officials and media said funds would be unfrozen, often citing $12 billion, but Bloomberg reported that the US had not confirmed how much Tehran would receive Al Jazeera Online,Yahoo! Finance,Bloomberg Business.

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Independent coverage (50)

Hurriyet Daily NewsUS-Iran talks stir diplomatic whirlwind across region
OilPrice.comIran Says U.S. Agreed to Unblock $12 Billion in Frozen Funds
The Khaama Press News AgencyIran's Araghchi Arrives in Pakistan Following U.S.-Iran Talk...
RTIran to set up Hormuz hotline with US -- RT World News
Zero HedgeUSD attracts haven demand after hefty KOSPI losses; NQ -2.5%...
The Business TimesIran says US$12 billion to be unfrozen ahead of Rubio's Gulf...
Asian News International (ANI)Marco Rubio to travel to UAE, Kuwait and Bahrain; regional i...
AzerNewsIran reaffirms strategic control over Strait of Hormuz
DeutschlandfunkNach Verhandlungen in der Schweiz - Iran will Verwaltung der...
Financial PostIran Says $12 Billion to Be Unfrozen Ahead of Rubio's Gulf T...
Investing.comGold Slides Toward Key Support as Hormuz Uncertainty Persist...
kp.ruПостпред Ирана при ООН рассказал о ситуации с Ормузским прол...
BW BusinessworldIran To Administer Strait of Hormuz Under Its Own Framework,...
Yahoo! FinanceIran Says $12 Billion to Be Unfrozen Ahead of Rubio's Gulf T...
Bloomberg BusinessIran Says $12 Billion to Be Unfrozen Ahead of Rubio's Gulf T...
Asharq Al-Awsat EnglishIran Says to Oversee Hormuz as Swiss Talks Conclude
Albeu.com - Lajmet e fundit dhe jo vetëm!Ghalibaf: US and Iran reach agreement, $12 billion in frozen...
Al Jazeera OnlineIran war day 116: US eases Iran sanctions; Lebanon ceasefire...
YahooIran war day 116: US eases Iran sanctions; Lebanon ceasefire...
YahooIran war day 116: US eases Iran sanctions; Lebanon ceasefire...
Jewish News SyndicateTehran's chief negotiator: Strait of Hormuz won't return to ...
https://www.outlookindia.com/Iran Claims Strait of Hormuz Will Never Return to Pre-War St...
Deutsche WelleTeheran: Iran wird Straße von Hormus verwalten
taz.deIran-Krieg: Laut Teheran vereinbaren USA und Iran Arbeitsgru...
The Financial Express'Never trust Americans': Iran draws red line at Strait of Ho...
Crypto BriefingUS and Iran conclude technical talks in Switzerland, establi...
The Manila timesIran chief negotiator says Hormuz will be administered by Te...
The Daily StarIran says to oversee Hormuz as Swiss talks conclude
Middle East EyeMorning update
bankingnews.grProgress in US-Iran talks, despite toxic Israel sabotaging p...
News.azTehran says it will oversee Strait of Hormuz | News.az
Der TagesspiegelTeheran erklärt dauerhafte Verwaltung der Meerenge: "Straße ...
The Siasat DailyTrump says Iran's 'respect' key to resolving war
Daily MirrorIran, US finalise agreement on release of $12b in frozen ass...
TimesNowUS To Release Two Tranches Of $6Bn Frozen Assets, Claims Ira...
Zero HedgeEurope primed for a lower open with Kospi -5%; Antipodeans l...
protothemanews.comIran says Strait of Hormuz 'will never return to pre-war con...
The Indian Express'Hormuz will never return to pre-war status': Iran Speaker a...
The Express TribuneIran chief negotiator says Hormuz will be administered by Te...
TheJournal.ieIran says they will administer Strait of Hormuz as peace tal...
Business StandardIran's 'respect' key to sustaining peace, resolving war, say...
БИЗНЕС Online — Новости Казани, Татарстана, общество, политика, рейтинги, экспертыВ Иране заявили о намерении управлять Ормузским проливом
Беларускае тэлеграфнае агенцтваУправление Ормузом не вернется к состоянию до конфликта с СШ...
Daily TimesHard Part Now
The HinduIran chief negotiator says Hormuz will be administered by Te...
ODISHA BYTESUS, Iran Report Progress In Swiss Talks, Lay 'Good Foundatio...
Malay Mail'Never return to pre-war conditions' -- Iran sets new rules ...
news24Iran insists it will control Strait of Hormuz as US agrees t...
Izvestia.ruГалибаф заявил о невозможности вернуть управление Ормузом к ...
Ada Derana'Strait of Hormuz will never return to pre-war status': Iran...
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