Country: IR | Published: 2026-09-24
Iran's situation stays split between talk and pressure, with US and Iranian officials reportedly discussing a phased deal to reopen the Strait of Hormuz even as the Senate cleared
Iran's situation stays split between talk and pressure, with US and Iranian officials reportedly discussing a phased deal to reopen the Strait of Hormuz even as the Senate cleared the way for more strikes and warnings that a renewed war could reach the Indian Ocean. Oil keeps swinging on the gap between those tracks, climbing as hopes for a breakthrough fade while Hormuz shipping traffic remains well below pre-war levels. Sanctions are biting on the ground too, with new US measures cancelling Iranian flights and UK bank restrictions dismissed by Tehran as symbolic.