In a bold statement, Iran’s chief negotiator, Mohammad Baqer Qalibaf, affirmed Tehran’s control over the crucial Strait of Hormuz, dismissing any pre-war stipulations. Concurrently, negotiations in Switzerland culminated in securing $12 billion worth of Iranian assets stuck overseas. Additionally, Iran consented to create a communication framework to monitor maritime activities in the vital waterway, aimed at preventing possible clashes and misunderstandings.
To Standardise Rate Setting Across Banks, NBFCs
'Not prepared', P 26
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