If the Strait of Hormuz is not reopened by early July, NATO is discussing the possibility of helping vessels transit the blocked waterway, signaling a shift in the alliance's strategy regarding the Iran war, Bloomberg, citing a senior NATO official, reported. So far, NATO has maintained that it would only intervene in matters concerning Hormuz after fighting has ceased and a coalition including many non-NATO countries has been formed.Related News CLSA: SINOPEC CORP (00386.HK) Share Price Has Underperformed Peers Since Israel-Iran Conflict, Reflecting Fundamental Divergence; Sector Top Pick PETROCHINA (00857.HK)The proposal has purportedly gained support from some NATO member states, but has yet to receive unanimous approval from all members. NATO leaders will meet in Ankara, Turkey, from July 7 to 8.A senior NATO official said that although some allies still oppose authorizing the alliance to carry out operations in the strait, member states would unite in support of intervention to reopen the passage if the blockade continues.
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