Trump warns Iran to open Hormuz or get 'hit very hard'

President Donald Trump has stated that a deal to reopen the Strait of Hormuz could be reached today, yet warned Iran that it would face "very hard" consequences if negotiations fail. The strategic waterway is crucial for oil and gas transportation, and its control has been a contentious issue in ongoing discussions. Iran has restricted its use and aims to impose tolls, a policy not practiced prior to the war that started on February 28.

Trump informed reporters in California that negotiators had a "very good day," adding that the strait would open soon or Iran would suffer severe consequences. In an interview with Fox News, Treasury Secretary Scott Bessent hinted at a potential deal being struck today or tomorrow. However, Iran's foreign ministry dismissed any negotiations with Washington, despite Trump's insistence on their progress.

Secretary of State Marco Rubio mentioned that the US was negotiating with Oman and Iran to increase traffic through the Strait of Hormuz. Axios reported that the US, Iran, and Oman were close to an interim deal to reopen the strait, which Washington hoped to announce today. The deal reportedly would last for 60 days, allowing safe passage between Iran and Oman.

Qatar, involved in mediation, said diplomatic efforts continued, but no direct talks between Iran and the US were planned. Trump had previously expected updates on the talks by Tuesday, deeming the situation not overly complex. The main objectives for the US were to reopen Hormuz and achieve Iran's denuclearization, which Trump acknowledged might take time.

Tehran's continued ability to launch missiles and drones at US, allied, and commercial targets, as well as its imposition of an unofficial blockade on Hormuz, has intensified the importance of alternative shipping routes. The Indian merchant vessel MSV Faize Noore Oliya was reported missing in the Red Sea after an unattributed attack, while another ship sank following an unknown attack, with all crew members rescued.

The Saudi Red Sea port of Yanbu has enabled the country to maintain shipping to global markets by bypassing Hormuz. However, the Houthis' blockade on the Red Sea has led to attacks on ships violating the no-go zone.