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The Strait of Hormuz is open. The Strait of Hormuz is closed. That pretty much sums up the last 72 hours of news around Iran and the Middle East’s most critical waterway. The news flow has gone from good (record highs for stocks!) to not so good (JD Vance’s trip is delayed!).
If it seems conflicted it’s because it is. What I have been reporting for over a month was confirmed by President Trump late Tuesday: there may not be a cohesive force overseeing Iran’s government or decision making. As of Tuesday, Trump did extend the Iran ceasefire, but conceded that the government is “seriously fractured.”
This should not come as a surprise to anyone watching “Power Lunch.” As viewers know, I have extensively cited sources saying that there are two - or more - parties claiming control over Iran. President Trump and his envoys are negotiating with one group, while the Ayatollah’s faction and its Revolutionary Guard military force assert that they retain control.
