US, Iran explore phased deal to reopen Hormuz
Diplomacy will be challenged by both sides’ unwillingness to surrender leverage.
The US and Iran are currently exploring a phased deal aimed at reopening the Strait of Hormuz and lifting Washington's economic blockade, according to sources. This proposal comes as diplomatic efforts face significant challenges due to both sides' reluctance to relinquish leverage. An Iranian official revealed to Reuters that resolving the crisis in stages could be a potential solution, which would alleviate Iran's economic struggles and reduce fuel prices, providing a political victory for US President Donald Trump.
Analysts from Foreign Affairs concur that diplomacy might be the least unfavorable option, necessitating substantial compromises from both Washington and Riyadh, but an ongoing conflict would lead to a more severe economic catastrophe.
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