Trump Takes Hard Line as Hormuz Tensions Mark New Normal
President Trump stated that there are no ongoing talks with Tehran following the expiration of a memorandum of understanding between the US and Iran, leaving the control of the Strait of Hormuz in limbo. This situation has led former U.S. National Security Advisor Jake Sullivan to suggest that regional countries may attempt to broker their own deals with Iran, potentially at the expense of U.S. interests.
The lack of dialogue between the US and Iran, coupled with potential regional deal-making, could lead to a prolonged stalemate in the Middle East and impact global oil prices, with $90 oil potentially becoming the new normal if the situation continues.
The episode also covers the ongoing trade negotiations and tariff deadline between the US and Canada.
DONALD TRUMP IRAN STRAIT OF HORMUZ US FOREIGN POLICY MIDDLE EAST
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