Trump: Strait of Hormuz Will Be Opened Soon If a Deal Is Made
US President Donald Trump said the Strait of Hormuz will be "opened soon" if a deal is reached, after claiming robust talks on the Iran war. Trump made the remarks to reporters on Monday, shortly before boarding the presidential plane, adding that he would see where the talks lead.
Trump stated that if the negotiations could "go all the way to the end," he said, the conflict could end. These comments come amid significant pressure on energy and shipping markets, given that Hormuz is a vital route for global oil and LNG trade.
Concurrently, Trump also reportedly postponed for five days a planned attack on Iran's power and energy infrastructure, ahead of his previously stated ultimatum regarding the opening of Hormuz. However, several sources said Iran denied any direct talks, leading the market to continue viewing the situation as highly headline-driven and prone to rapid change.
Newsmaker's key point: Trump's tone signals a short-term de-escalation and opens the door to restoring shipping flows in Hormuz. However, as long as the negotiations remain disputed and security risks remain unabated, volatility in energy and financial markets could potentially remain high. (yds)
Source: Newsmaker.id