While Iran’s selective approach to allowing access to the Strait of Hormuz could push more countries to the negotiating table, the bigger issue is having to engage on Tehran’s terms rather than on the basis of a purely commercial right of passage, analysts say.
Trump says Iran has asked for a ceasefire, US wants to see Hormuz open first
US President Donald Trump shared on his social media that Iran asked for a ceasefire, but Tehran denied the claim.
Stocks rally, oil drops on Mideast war optimism
Global stocks rose and oil prices fell after US President Donald Trump said the Middle East war could end soon.
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