DevelopingGeopoliticalStrait of Hormuz . US-Iran Talks . US BlockadeHigh impactBy Kumar Singh8 views
Hormuz for the Blockade: US and Iran Explore a Step-by-Step Exit
US and Iranian negotiators in New York are weighing a phased exit from the seven-month war. Iran would reopen the Strait of Hormuz and Washington would lift its economic blockade. Neither side wants to move first, and a senior Iranian official called the odds of success extremely low.
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Iran is reportedly ready to shift its Hormuz transit-fee demand out of the main deal, a demand Gulf states have rejected. Any arrangement would be temporary. The report lands hours after Iran warned the war could reach the Indian Ocean, a warning that lifted Brent above $106.