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.
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245 Articles
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.
Analysis by Tim Lister and Aida Karimi, CNN Iran's list of demands cannot have surprised the White House.The hardline sectors have repeated the same message daily: the limited agreement being negotiated with Oman on the Strait of Ormuz does not amount to reopening this crucial maritime track of The post Instead of yielding to the US, Iran hardens its demands on the strategic strait of Ormuz appeared first on KVIA.
The Strait of Ormuz, a major stake in the Middle East war, will remain closed to navigation until Washington will accept "all the conditions set by Tehran, insisted Sunday the Guard Corps of the Islamic Revolution (IRGC), Iran's elite army, destroying hopes for a speedy resolution of the conflict, reports AFP, according to Agerpres.
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