Gulf Insider
The last few hours have set the hopes for peace back a little as President Trump and the Ayatollah traded blows over control of the Strait of Hormuz. First was the new Supreme Leader, Ayatoolah Motjaba Khameini’s post on X that: “We will definitely take the management of the Strait of Hormuz to a new phase.” Which prompted a response from President Trump: “There are reports that Iran is charging fees to tankers going through the Hormuz Strait — They better not be and, if they are, they better stop now!” And then an hour or so later, President Trump turned the rhetoric dial up to ’11’ once again: “Iran is doing a very poor job, dishonorable some would say, of allowing Oil to go through the Strait of Hormuz. That is not the agreement we have!” Having earlier described Iran’s leaders as “much more reasonable” than their public comments would suggest, the new Supreme Leader also repeated demands for war reparations – a definite non-starter for US negotiators. Stocks dipped and oil rallied modestly on this tête-à-tête. It sounds like the adults really need to get in a room and figure this out (VP JD Vance is expected to lead the US delegation in discussions scheduled […]
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