Iran's upcoming 'Hormuz Peace Endeavor' would include an invitation for potential cooperation with Saudi Arabia as a gesture to work together in the world's most important maritime oil chokepoint.
September 22 in New York City. Tehran's top diplomat has sought to dispel U.S. accusations that his country was behind a recent attack against Saudi oil sites as Iranian PresidentJOHANNES EISELE/AFP/Getty Images
Unrest has worsened in the Persian Gulf region since President Donald Trump's decision last year to abandon a 2015 nuclear deal with Iran that had significantly curbed the Islamic republic's nuclear activities in exchange for sanctions relief.
To crack down on what it considered to be Iranian provocations in the region, the U.S. began calling for a maritime security initiative in June. So far, only Australia, Bahrain, the U.K. and, most recently, the United Arab Emirates have joined this coalition. As the U.S. expanded its military presence in the Middle East and laid out increasingly strict sanctions against Iran in an effort to sever its international trade, unclaimed attacks hit oil tankers in the Gulf of Oman and Iran and the United Kingdom seized one another's commercial vessels. Iran'saccused of trying to sell oil to Syria via the Strait of Gibraltar despite EU sanctions—was captured July 4 and has since been released. Iran in turn impounded the U.K.
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