Trump Winds Down the War He Started With Goals Unmet
While the president says the agreement with Iran would open the Strait of Hormuz and provide economic relief, the country’s nuclear program is still a subject for negotiation.
While the president says the agreement with Iran would open the Strait of Hormuz and provide economic relief, the country’s nuclear program is still a subject for negotiation.
The pace of the recovery will depend on how confident companies are that the deal between the United States and Iran will hold and be extended.
The full text of the deal that could pave the way to ending the war has not been published. Initial details suggest that it defers the most contentious issues.
The attacks complicated an already delicate moment as President Trump and Iran appeared to be edging toward finalizing a framework peace agreement.
With more than 500 ships still stranded in the Persian Gulf, pressure on the shipowners and sailors is growing by the day.
Since announcing a nominal cease-fire two months ago, Iran, Israel and the U.S. have remained locked in low-intensity violence that has become a new normal.
The amount of oil and fuel stored by businesses and governments has fallen sharply since the start of the U.S.-Israeli war against Iran.
Mr. Trump said that Iran was close to signing a peace deal. So far, weeks of talks have failed to produce an agreement.
Analysts saw little prospect of either President Trump or Tehran backing down after days of exchanging fire.
The 24 crew members were stranded for more than two hours before being rescued by an Omani military helicopter. The U.S. military said that the ship had violated its blockade of Iran.