Is the Strait of Hormuz open? Is Donald Trump done with negotiating
After getting hit by the U.S. and Israeli air forces, it looks like Iran has caved. The NY Post just reported "Iran said Saturday that all countries besides the US and Israel may pass through the Strait of Hormuz, in a desperate attempt at coalition busting less than a day after the US bombed military targets on its oil-critical Kharg Island. 'As a matter of fact, the Strait of Hormuz is open,' Iranian Foreign Minister Abbas Araghchi said. ' It is only closed to the tankers and ships belong[ing] to our enemies, to those who are attacking us and their allies . Others are free to pass,' Araghchi told MS NOW." I'll still take a wait-and-see approach on this information. It's too soon to call it news yet. The markets will be opening soon. They'll give us the 'official' reaction to this statement. Iran's foreign minister is dealing with a predicament because President Trump issued this ultimatum: Moments ago, at my direction, the United St...