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.

TEHRAN/WASHINGTON: US President Donald Trump said a deal with Iran had been “largely negotiated” and would include reopening the strategically vital Strait of Hormuz, but Tehran…

May 23 (Reuters) - The U.S. and Iran areclose to signing a dealinvolving a 60-day ceasefire extension, during which the Strait of Hormuz would be reopened,Iranwould be able to…