finance
Trump Criticizes Iran on Strait of Hormuz Oil Passage After Ceasefire
President Donald Trump accused Iran of failing to fully open the Strait of Hormuz for oil shipments, violating the recent U.S.-Iran ceasefire terms. Reports indicate Iran has restricted traffic and considered fees for passage. Negotiations between U.S. and Iranian officials are scheduled for this weekend in Islamabad.
Mar 25, 1:38 PM·1m read120 sources
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Background and Regional Tensions The conflict escalated when Iran closed the strait, leading to higher global energy prices.
Iran attacked crucial Saudi pipeline and production facilities, slashing the kingdom's oil output, as reported by CNBC.
“Iran is doing a very poor job, dishonorable some would say, of allowing Oil to go through ...”
For now, traffic through the strait is way down; even one tanker is a big deal, according to Hassett. Iranian officials have indicated limited reopening under their control ahead of talks.
The Strait of Hormuz is not open as Iran controls access after ceasefire, a UAE oil CEO says.
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