Iran's Parliament speaker identifies the Strait of Hormuz as the Islamic Republic's principal strategic asset, stressing that the country will not retreat from its sovereign rights over the vital waterway. Speaking in a televised interview on Tuesday, Mohammad Baqer Qalibaf said a recently negotiated memorandum of understanding between Iran and the United States provides only a temporary exemption from fees for maritime services in the strait and does not alter Iran's position on the issue of sovereignty. "These are our territorial waters," he said. "We will not allow the United States to create controversy or sophistry by claiming that Iran has militarized the Strait of Hormuz." He added that Iran "will never, under any circumstances, retreat from this position." Qalibaf described the waterway as "a divine gift that God granted us during this war" and "our greatest instrument of power." Iran closed the waterway to enem...
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