Trump says Iran’s ‘present’ to US was allowing 10 oil tankers through Hormuz
Trump says Iran’s ‘present’ to US was allowing 10 oil tankers through Hormuz
WASHINGTON, March 26 (Reuters) – U.S. President Donald Trump said on Thursday that Iran was letting 10 oil tankers transit the Strait of Hormuz as an apparent goodwill gesture in negotiations.
Trump made the comments at a Cabinet meeting in the White House, elaborating on what he had previously described as a “present” from Iran.
“They said, to show you the fact that we’re real and solid and we’re there, we’re going to let you have eight boats of oil, eight boats, eight big boats of oil,” Trump said. “I guess they were right, and they were real, and I think they were Pakistani-flagged… It ended up being 10 boats.”
The White House did not immediately respond to a request for more details on the vessels.
Trump’s comments came as he pressed Iran to agree to a deal that would clear the maritime chokepoint and end its nuclear program.
The U.S. president on Tuesday had baffled some observers when he said that Iran had given the United States an expensive, energy-related concession. At the time, he declined to say what exactly he meant.
“They gave us a present and the present arrived today, and it was a very big present, worth a tremendous amount of money,” Trump told reporters then.
(Reporting by Steve Holland and Trevor Hunnicutt; Editing by Caitlin Webber and Chizu Nomiyama)
President Trump has been issuing ultimatums for weeks about the Strait of Hormuz, demanding full freedom of travel for shippers.
As the war in Iran enters its fourth week, analysts warn that the conflict’s scale and disruption to the oil market are “incomparable.”
“Of course they’re negotiating,” the president insisted. “They’ve been obliterated.”
President Trump stepped back from attacks on Iranian energy infrastructure on Monday but left considerable uncertainty about whether energy shippers will be able to traverse the Strait of Hormuz anytime soon.
With Iran and the US now talking, negotiations over the Strait of Hormuz and the next phase of the conflict will cast a long shadow on Tuesday — and probably the rest of the week.
Reconciling what was once thought of as a compressed timeline of limited consequence with more wide-ranging ramifications is part of the narrative unfolding on Wall Street.
Connecting the dots on oil prices will serve you well.
Get caught up on this morning’s news: Oil prices fall, Alexander brothers found guilty and more in today’s edition of The Yodel newsletter
Iran is scheduled to play its three group games in Los Angeles and Seattle.
It’s a lot harder to label the negative impacts of the Iran conflict as transitory when the US economy is under pressure on multiple fronts.
Powered by WPeMatico




















