President Donald Trump said in Miami he hopes a deal can be reached with Iran and that talks are ongoing, but insisted the Strait of Hormuz must be fully reopened. The comment leaves diplomatic risk and the prospect of disrupted oil shipments front‑of‑mind — a continued focus on reopening the Strait is a potential upside risk to oil prices and shipping risk premia if tensions persist.
President Donald Trump said in Miami he hopes a deal can be reached with Iran and that talks are ongoing, but insisted the Strait of Hormuz must be fully reopened. The comment leaves diplomatic risk and the prospect of disrupted oil shipments front‑of‑mind — a continued focus on reopening the Strait is a potential upside risk to oil prices and shipping risk premia if tensions persist.
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