Iran is in the 'process of blinking' over the Strait of Hormuz, Petraeus says
David Petraeus indicated that Iran may be reconsidering its stance regarding the Strait of Hormuz. He emphasized that any peace deal should prevent Iran from controlling or charging for passage through the Strait. Ongoing negotiations face challenges, particularly concerning Iran's nuclear program and its support for proxy groups.
- ▪David Petraeus stated that Iran appears to be 'blinking' over the Strait of Hormuz.
- ▪An initial peace deal would require Iran to open the Strait without conditions and not control traffic.
- ▪U.S. Secretary of State Marco Rubio mentioned that a deal could happen soon.
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Iran appears to be in the process of "blinking" over the Strait of Hormuz, according to ex-CIA director David Petraeus. Speaking to CNBC's Lisa Kim at the UBS Asian Investment Conference, Petraeus, chairman of the KKR Global Institute, said that an initial successful peace deal with Tehran would see the Strait opened without any conditions.Iran also must not be able to control traffic, charge tolls through it, or make threats of future closure, and "it appears that that may be in the offing," he added. This comes come after U.S. President Donald Trump said over the weekend that talks to end the war with Iran and reopen the Strait of Hormuz are proceeding, but urged his negotiating team not to rush into a deal.
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