The Strait of Hormuz, key for 20% of global oil, remains restricted during weeks of U.S. and Israeli strikes on Iran.
President Trump ramped up pressure via Truth Social posts and interviews, admitting U.S. arms shipments to Iranian protesters via Kurds, while Iranian officials vowed forceful responses.
Mediators proposed a Pakistan-brokered ‘Islamabad Accord’ with an immediate ceasefire, strait reopening, and talks on nuclear limits and sanctions; markets eased as Brent crude fell below $113.
However, Iran has rejected U.S threat of deadlines but received the plan, with the world eyeing Tuesday’s outcome.
A senior Iranian official said Tehran will not reopen the Strait of Hormuz in exchange for a temporary ceasefire and believes that the U.S. “lacks readiness for a permanent ceasefire.”
