A Deal with Iran over the Strait of Hormuz May Require a Compromise From Trump
The temporary plan would let ships enter through Iranian waters and exit via Oman, while still awaiting approval from Iran’s senior leaders.
- On Friday, President Donald Trump stated that gas prices would rise only if the United States conducted another military strike against Iran, while asserting that Iranian leaders want a deal to avoid further attacks.
- U.S. gasoline prices fell three cents to $4.06 per gallon in the week ending August 6, according to AAA, as optimism grew that shipping through the Strait of Hormuz might resume.
- Helima Croft, global head of commodity strategy at RBC Capital Markets, warned that market participants exhibit "tremendous optimism bias" regarding a potential deal resetting the Middle East status quo.
- Despite Iranian Deputy Foreign Minister Kazem Gharibabadi reporting "understandings in principle" on a shipping proposal, Iranian state media indicated a draft plan that would block U.S. and Israeli ships from the waterway.
- ING analysts cautioned in a Friday note that negotiations remain unlikely to proceed smoothly, citing fundamental disagreements over whether Iran can impose service fees or international free waters must be restored.
251 Articles
251 Articles
A Former MI6 Officer Says Exiting Iran Without a Nuclear Deal Would Be ‘a Monumental Foreign Policy Blunder’ for America
The Strait of Hormuz will not fully reopen to traffic unless the US meets Iran’s demands, the Islamic Republic said on Monday. The busy maritime corridor, which usually carries around one-fifth of the world’s oil trade, has been the focus of recent talks. The 354th Fighter Wing conducts a 75-fighter jet formation at Eielson Air Force Base, Alaska, Aug. 12, 2022, in honor of the U.S. Air Force’s 75th Anniversary. This capabilities demonstration i…
Why the Trump administration will have to accept a Hormuz toll
In the weeks since the U.S.-Iran Memorandum of Understanding collapsed, Washington and Tehran have used the time to strengthen their respective positions in the event negotiations resume. For the United States, this has largely taken the form of overt threats by President Donald Trump himself and hints that an even more comprehensive U.S. bombing campaign against Iranian strategic targets is on the table. For Iran, the strategy is familiar: ensu…
On Saturday, Tehran put a new ultimatum in Washington: if the United States does not comply with Iranian demands, it will have to assume responsibility for the quasi-total paralysis of this crucial maritime route.
The Iranian regime feels strong. It presented the US with a catalogue of demands. And Houthis, allied with Tehran, are testing out the new Saudi defence pact.
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