Iran calls on US to accept defeat over Strait of Hormuz
Iran called on the US to accept defeat while President Donald Trump blasted Tehran as "very evil" and told Americans to brace for continued high fuel prices as a result of the war.
Iran has urged the United States to acknowledge its defeat in the ongoing conflict, while President Donald Trump criticized Tehran as "very evil" and warned Americans to brace for higher fuel prices due to the war's impact. Efforts to negotiate a peace deal and resume oil tanker traffic through the strategic Strait of Hormuz have stalled, with both sides unwilling to concede defeat.
Iran's Deputy Foreign Minister Kazem Gharibabadi declared that the strait would be controlled exclusively by Iran, and would remain closed until the US accepts Iran's "defeat" and halts its interference. Foreign Minister Abbas Araqchi stated that Iran had not yet decided to resume talks with the US, insisting that Washington must first meet Iran's conditions regarding the strait before shipping can resume.
President Trump urged Americans to accept a slight increase in gasoline prices as a price for ensuring Iran does not acquire nuclear weapons. Despite Iran's defiant stance, crude oil futures showed a rise of $1 per barrel on Friday, with Brent LCOc1 futures projected to increase by 6.0% weekly, and West Texas Intermediate CLc1 futures expected to climb by 5.4%.
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