A planned EU oil embargo and other efforts to halt Iran's nuclear programme, including US sanctions signed into law New Year's Eve by President Barack Obama, may be prompting Tehran to reconsider its threats to shut the Strait of Hormuz. Iranian Foreign Minister Ali Akbar Salehi said Tehran would like to reopen talks with the West on its nuclear programme.

On 5 January, Ankara delivered a Western offer to Tehran to renew negotiations. “I think the sanctions are working becau...

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