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REPORTING 34D AGO BLOOMBERG TELEVISION CENTER

Pakistan Says US-Iran Are Close to an Arrangement on Strait of Hormuz

11 AUG 2026 · 09:38 ET·3:39·10.4K VIEWS·0.3× USUAL PACE

Pakistan's defense minister stated that the US and Iran are nearing an arrangement regarding the Strait of Hormuz, despite public hardening of their positions. The transcript mentions ongoing talks mediated by Pakistan and Qatar, with Iran demanding compensation for past damages and the US, under President Trump, demanding compensation for Iranian protester deaths and damages from proxy conflicts. The situation remains tense, with evidence of ships transiting the Strait of Hormuz "dark" (transponders off) and a report of the US military firing on a vessel attempting to breach a blockade.

WHY IT MATTERS

A resolution or continued escalation in the Strait of Hormuz directly impacts global oil prices and trade routes. The situation highlights ongoing geopolitical tensions between the US and Iran and the role of intermediary nations.

STRAIT OF HORMUZ US-IRAN RELATIONS PAKISTAN JEROME POWELL DONALD TRUMP

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