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Market Chatter: Iran to Allow only 15 Ships Per Day Through Strait of Hormuz

-- Iran will allow a maximum of 15 ships per day through the Strait of Hormuz, according to the Tass news agency, citing a senior Iranian source.

The source reportedly said that under the current ceasefire, "fewer than 15 ships per day" will be permitted to sail via the Strait of Hormuz.

Ahead of Friday's talks between the US and Iran mediators, the Iranian source said ship movements will be based solely on Iran's approval and "enforcement of a specific protocol."

This new regulatory framework will be operated under the supervision of the Islamic Revolutionary Guards Corps and has been officially conveyed to regional parties.

"There will be no return to the pre-war status quo," Tass reported, citing the Iranian source.

Iran has reportedly insisted that during the two-week ceasefire its blocked assets be unfrozen.

Another demand on Iran's 10-point proposal is that the US cannot increase its troop presence in the country.

Iran has reportedly stipulated that the end of the conflict must be formalized in a United Nations Security Council resolution.

Iran's Ministry of Foreign Affairs did not respond immediately to' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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