President Trump has indicated he’s willing to end the U.S. military campaign
against Iran, even if the Strait of Hormuz remains largely closed. U.S.
officials say Trump wants to achieve key goals, such as crippling Iran’s navy
and missile stockpiles, before winding down hostilities. The U.S. would then
rely on diplomatic pressure and allies to reopen the strait. Oil prices surged
above $100 a barrel, with analysts warning prices could reach $200 if
disruptions continue.
