Trump threatens Iran as Hormuz deal talks enter final stage

The Strait of Hormuz handles approximately one-fifth of global oil and natural gas trade; its closure since early March has reduced traffic significantly. A 60-day interim agreement could restore shipping within days, directly affecting energy prices (Brent crude currently below $80/barrel), supply chains, and financial markets. Failure to reach agreement carries explicit risk of escalated military action. The arrangement's terms—separate Iranian and Omani routes with no interim fees—will set precedent for future shipping rules and regional power dynamics in the Persian Gulf.