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Source: Newsmaker.id
US Vice President JD Vance emphasized that Washington has no plans to hold negotiations with Iran as long as Tehran continues to attack commercial vessels in the Strait of Hormuz. "They have to stop. It’s that simple," Vance told reporters on Thursday (Sept. 3).
The statement indicates that maritime security is a key US prerequisite for reopening diplomatic channels. The Strait of Hormuz is a strategic waterway that, prior to the conflict, facilitated the transport of approximately one-fifth of the world's oil supply.
Tensions have escalated following renewed exchanges of fire between the US and Iran, while shipping activity through Hormuz remains well below normal levels. Concerns over supply disruptions have kept Brent crude hovering around US$96 per barrel and WTI near US$92.
Vance’s firm stance diminishes the likelihood of reaching an agreement in the near term. Without a cessation of attacks on shipping, Washington is likely to maintain military pressure, naval blockades, and economic sanctions against Tehran.
Newsmaker Analysis: The stalled dialogue could sustain the risk premium on oil and pave the way for price increases should attacks on vessels resume. Gold may also find support from demand for safe-haven assets, while the dollar could gain momentum from safe-haven flows and rising interest rate expectations driven by energy-related inflationary pressures. (arl)
Source: Newsmaker.id