President Trump declared a US Hormuz toll of 20 percent on all cargo shipped through the strait, naming America the guardian of the waterway. Iran's foreign minister mocked the move but agreed with the premise. Oil prices jumped over 7 percent as the world waits to see who ends up paying to keep the Persian Gulf open, stirring debate.
Iran's attacks in Hormuz on three tankers triggered a powerful American military response on July 7, with U.S. airstrikes hitting Iranian ports, air defenses, and missile sites. The Department of the Treasury also revoked Iran's oil sale license, cutting off Tehran's main revenue, testing Trump's peace through strength doctrine weeks after the ceasefire.
The US Iran ceasefire deal is real. Trump announced it at 3:57 AM from France, markets soared, and oil fell 4%. The Strait of Hormuz reopens June 19 under a 60-day MOU. Israel is not on board. Iran and the U.S. describe two very different versions of the same agreement. The next 60 days will tell the real story.
Oil prices Iran deal headlines moved markets again on Friday. Brent fell 3.37% to $87.33, WTI fell 3.23% to $84.88, down more than 6% for the week and nearly 20% for the month. Pakistan says a final peace deal text exists. Trump disputes Iranian reports on the terms. Markets are betting on a negotiated outcome.
Iran destroyed IRGC speedboats in the Strait of Hormuz Monday night — yet its top negotiator stayed in Qatar for peace talks Tuesday morning. Day 88 of the US-Iran war. Oil above $105. Trump says a deal is days away. Peace Through Strength is working — but will the deal hold?
The Strait of Hormuz is virtually closed and the West can't agree on how to respond. France and the US are pushing competing UN resolutions — one demands Iran stop, the other won't even name Tehran. Meanwhile China and Russia hold their vetoes ready. Oil is at $105 and climbing.
Brent crude surged past $119.50 a barrel as the Strait of Hormuz blockade enters its second month, with Trump rejecting Iran's offer to reopen as a stalling tactic. Kpler data shows Tehran has just 12-22 days before forced well shutdowns trigger permanent infrastructure damage. The pressure is mounting fast.
