WS #13764
Iran's IRGC and FM Araghchi state Hormuz stays closed until US meets demands (sanctions relief, war compensation, end of threats), while Houthis strike Saudi Red Sea ports, adding a second front of supply risk. Trump tells Axios the US is 'low-keying it' and 'semi-negotiating' with Iran, citing Iran's economic distress and oil near $75, signaling a de-escalatory posture that could reduce geopolitical risk premium.
Iran hardens Hormuz conditions, Houthis widen Red Sea blockade
Iran's IRGC and FM Araghchi state Hormuz stays closed until US meets demands (sanctions relief, war compensation, end of threats), while Houthis strike Saudi Red Sea ports, adding a second front of supply risk.
Trump tells Axios the US is 'low-keying it' and 'semi-negotiating' with Iran, citing Iran's economic distress and oil near $75, signaling a de-escalatory posture that could reduce geopolitical risk premium.