Expectations of an impending resolution to the five-month battle were raised when US President Donald Trump stated that his government had “very good discussions” with Iran during all-day negotiations on Tuesday. In Asian trading on Wednesday, oil prices dropped and equities surged as Wall Street reached all-time highs on expectations that an agreement to reopen the blockaded Strait of Hormuz would soon be struck.”They had an all-day negotiation,” Trump said on Fox News’ “Night” program. The Strait of Hormuz “is going to be open very soon,” Trump continued. “If they back out again, they are going to get hit really hard.”
Trump has frequently threatened to launch large-scale strikes if Tehran did not come to an agreement, citing advancements in negotiations that have so far failed to put an end to hostilities. From Musandam, Oman, ships in the Strait of Hormuz are visible. The US and Iran are nearing a temporary agreement to reopen the strait with the consent of Oman, which controls a portion of the waterway, according to Axios, which cited two regional sources and a US official. According to the source, Washington planned to make a statement on Wednesday.
However, an agreement with Oman on the strait, which typically transports almost a fifth of the world’s oil and LNG supplies, will be postponed “as long as the United States continues to threaten Iran,” according to Iranian state television, which cited an informed source.
Also Read:
Etihad Train Sells 70,000 tickets as Passengers begin to Include Train into Their Trip Plans
Under Operation Chivalrous Knight 3, Five Supply Convoys From the UAE Arrive in Gaza
About Author
