Report says agreement to hand Tunb islands to UAE reached by government officials
Iran has reached an agreement with the UAE to hand over sovereignty of disputed islands near the Strait of Hormuz in the Gulf, according to a report by US-based magazine Defense News.
Citing a high-level source in the UAE, it reported the two sides have been engaged in secretive talks via the Omani government, with a deal reached on the Greater and Lesser Tunb islands.
A deal was also being ironed out on the third island, Abu Musa, according to the source, with Iran retaining the sea-bed rights surrounding all three territories.
In December, Iranian Foreign Ministry spokeswoman Marziyeh Afkham said press reports about a hidden agenda for striking a deal with the UAE over the islands were merely media hues and cries.
Irans sovereignty and territorial integrity is not negotiable at all and no change has been made in the countrys explicit and official positions, she said.
The dispute over the islands has been one of the main issues fuelling tensions between Iran and the UAE government in Abu Dhabi.
The most recent chapter of this complex dispute goes back to 1971, the year the UAE was formed, when Tehran seized control of the islands of Abu Musa, Greater Tunb and Lesser Tunb after Iran and the UAE failed to agree on their sovereignty.
You might also like...
Rainmaking in the world economy
19 April 2024
Oman receives Madha industrial city tender prices
19 April 2024
Neom seeks to raise funds in $1.3bn sukuk sale
19 April 2024
Saudi firm advances Neutral Zone real estate plans
19 April 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.