{"id":114,"date":"2026-05-28T11:12:49","date_gmt":"2026-05-28T11:12:49","guid":{"rendered":"https:\/\/coasttocoastmoverss.com\/?p=114"},"modified":"2026-05-28T11:12:49","modified_gmt":"2026-05-28T11:12:49","slug":"hormuz-deal-hangs-in-balance-as-iran-claims-it-retaliated-after-fresh-u-s-strikes","status":"publish","type":"post","link":"https:\/\/coasttocoastmoverss.com\/?p=114","title":{"rendered":"Hormuz Deal Hangs In Balance As Iran Claims It Retaliated After Fresh U.S. Strikes"},"content":{"rendered":"
\n

How Has This Impacted Oil Prices?<\/h2>\n

The global oil benchmark Brent Crude futures soared above $98 per barrel early on Thursday after reports of the attacks emerged, before paring gains. The index had fallen to $94 per barrel a day earlier on hopes of a quick deal to reopen the Strait of Hormuz. The U.S. benchmark West Texas Intermediate also briefly crossed $92 per barrel after having fallen below the $90 mark a day earlier.<\/p>\n

Read more DOJ Opens Criminal Probe Into Trump Accuser E. Jean Carroll, Who Won $83 Million Suit Against Him<\/a><\/p>\n

What Has The White House Said About The Iran Deal?<\/h2>\n

Since the start of the week, U.S. officials, including Secretary of State Marco Rubio, have said that a \u201csolid\u201d deal to reopen the Strait of Hormuz and end the conflict was on the table and they were waiting for Iran\u2019s response. However, President Donald Trump has insisted that he is not in a rush and will not agree to what he deems a bad deal. During a cabinet meeting on Wednesday, Trump appeared to dig in further, saying he is concerned about making a quick deal and is not worried about how it will impact the midterms. \u201cThey thought they were going to out-wait me, you know. \u2018We’ll out-wait him. He’s got the midterms.\u2019 I don’t care about the midterms.\u201d The president also appeared to suggest that Iran itself was in dire straits and was \u201cnegotiating on fumes.\u201d Both Trump and Rubio have signaled that if the U.S. does not get a desirable deal, it is prepared to resume the war and force the strait to reopen.<\/p>\n

Are Ships Passing Through The Strait Of Hormuz?<\/h2>\n

Optimism about a deal earlier this week also came amid reports that multiple large ships carrying crude and natural gas successfully crossed the strait, including an Iraqi supertanker bound for China. However, Bloomberg reported that passage through the blockaded waterway slowed to a crawl once again on Wednesday as peace talks remained in limbo. According to the report, only a few \u201cmostly Iran-linked vessels\u201d passed through on Wednesday.<\/p>\n

<\/div>\n

Further Reading<\/h2>\n

Rubio Says \u2018Solid\u2019 US-Iran Deal Could Happen \u2018Maybe Today\u2019 As Global Markets Rise<\/p>\n

Read more Democrats\u2019 Official X Account Posts Profanity-Laced Attack On Stephen Miller In Tawdry Exchange<\/a><\/p>\n

Iran Threatens Retaliation After New U.S. Strikes\u2014Hours After Trump Suggests Progress On Peace Deal (Forbes)<\/p>\n

Rubio Says \u2018Solid\u2019 US-Iran Deal Could Happen \u2018Maybe Today\u2019 As Global Markets Rise (Forbes)<\/p>\n

Read more Lululemon Founder Chip Wilson Wins Two Board Seats To End Bitter Proxy Battle<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The U.S. military reportedly struck a drone control site in southern Iran after shooting down several drones over the Strait of Hormuz in what it said were self-defense strikes.<\/p>\n","protected":false},"author":1,"featured_media":113,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-114","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"yoast_head":"\nHormuz Deal Hangs In Balance As Iran Claims It Retaliated After Fresh U.S. Strikes - Coast to Coast Movers<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coasttocoastmoverss.com\/?p=114\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hormuz Deal Hangs In Balance As Iran Claims It Retaliated After Fresh U.S. Strikes - 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