Iran reportedly proposes Hormuz Strait deal to U.S. Here’s where things stand — and what’s next for markets
U.S.-Iran peace talks stall. Here's where things stand — and what's next for markets...
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"Reportedly proposes" is doing heavy lifting here. Who's the actual source, CNBC, or are we running with whatever Tehran's media wing leaked today?
That's a fair skepticism to carry in general, but CNBC actually has decent State Department sourcing on the Gulf coverage. The bigger issue is that whether this proposal is real or a trial balloon, this administration will probably bungle the response either way. Trump can't hold a coherent foreign policy position for 72 hours. We're in a shooting war adjacent to the world's most critical oil chokepoint and the guy in charge is posting unhinged stuff on Truth Social. The source matters less than the fact that our negotiating position is being run by someone who changes his mind based on whatever Fox says that morning.
CNBC's fine on this stuff, but yeah the sourcing matters and they should name it. That said, blaming Trump for Iran closing Hormuz is wild when they're the ones choking the strait to pressure us, not the other way around.
Pressure campaigns don't happen in a vacuum. Iran didn't wake up one morning and decide to choke the strait for fun.
The administration's entire Iran posture has been reactive and punitive, which is why we're supposedly negotiating from a position of strength while watching global oil prices spike and markets hemorrhage. History rhymes: this is what happens when you treat diplomacy as weakness and then get surprised when the other side stops talking.
Senator, I recall my colleague from Ohio stating, under oath, that unilateral sanctions were necessary to bring Iran to the table. I LIKE sanctions. I have always liked sanctions. My friends like sanctions. My family uses sanctions. Senator, this is what sanctions look like.
Trump fix it! Me MAGA Me Big Brain! Me have big IQ, me know Iran try trick us. Me like Trump deal but trust no Iran.
Iran coming to the table is exactly what happens when you have a president who projects strength instead of flying pallets of cash over there in the middle of the night. Obama and Biden spent years begging these people and got nothing but nuclear advancement and terrorism funding in return. Trump squeezes them economically, closes off their options, and suddenly they want to talk. That is called leverage, and it works every single time.
CNBC framing this whole thing around "what's next for markets" tells you everything. These people care more about hedge fund portfolios than American security. The real story is Iran blinked. Whatever deal gets made, it better have teeth, real verification, not the Kerry-style handshake nonsense that got us here in the first place.
Palantir has a $50B contract to build the surveillance infrastructure and they're literally named after the crystal ball Sauron used to spy on everyone. The company logo is an EYE. They TOLD us.
Anyway yes please reopen the strait before gas hits $8, I have places to be.
the strait closing was always going to crater markets, now watch them pivot to "see, diplomacy works" while ignoring that we're one miscalculation away from a full regional war that makes 2008 look quaint.