Even as U.S.–Iran peace talks inch forward, Mojtaba is signalling that Tehran may keep the Strait of Hormuz closed long after any deal is signed, shocking markets that expected quick relief. A draft plan reportedly keeps Hormuz shut for 30 days for Iranian demining even as Marco Rubio vows the strait will be opened “one way or another,” leaving Trump squeezed between Iran’s leverage and soaring fuel prices at home.
Published on May 26, 2026 11:41 pm IST
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Even as U.S.–Iran peace talks inch forward, Mojtaba is signalling that Tehran may keep the Strait of Hormuz closed long after any deal is signed, shocking markets that expected quick relief. A draft plan reportedly keeps Hormuz shut for 30 days for Iranian demining even as Marco Rubio vows the strait will be opened “one way or another,” leaving Trump squeezed between Iran’s leverage and soaring fuel prices at home.
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Physical crude markets have also firmed again in recent days, offering a reminder of the wider supply tightness that’s hitting…
May 23 (Reuters) - The U.S. and Iran areclose to signing a dealinvolving a 60-day ceasefire extension, during which the Strait of…
The administration of US President Donald Trump took it for granted on Sunday that within the coming days it will be able to…
DUBAI/WASHINGTON: Iran and Israel traded attacks on Tuesday as Tehran defiantly refused to reopen the Strait of Hormuz and accept…
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