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 through Omani waters while leaving final approval to Iran’s supreme leader.
- 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.
149 Articles
149 Articles
An authority of the United States stated this Friday to the news agency Reuters that there are advances between Oman and Iran on the restoration of navigation by the Strait of Ormuz and that it is expected that a new agreement will be closed soon. Read also: Saudi Arabia, Turkey and Pakistan sign defense agreement in the midst of the regional crisis Iran keeps pressure on Gulf countries waiting for agreement Trump is stuck to a war without door …
The Iranians are in no hurry to open the Hormus road. Time is working for them – and the US President is increasingly on the defensive.
“They Want To Make A Deal” – Trump Gives Iran Update
President Donald Trump said Friday that Iran wants to make a deal. During an interview, Trump said Iran does not “want to be hit,” suggesting the country is seeking to avoid further military action. Fox News reported: President Donald Trump said in an interview that the Iranians want to make a deal and “don’t want to be hit” as negotiations are ongoing to reopen the Strait of Hormuz. “They want to make a deal. Look, it’s obvious. They don’t want…
Trump Says Gas Prices Could Rise If US Strikes Iran Again
President Donald Trump has said gasoline prices could rise again if the United States carries out another military strike against Iran, while expressing confidence that Tehran wants a deal to avert further attacks—and that pump prices are most likely poised to fall sharply. Trump made the remarks in an interview with Punchbowl News after being asked about comments he made during an Aug. 5 rally in Las Vegas, where he predicted that easing tensio…
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