US-Iran Deal in 2026In a significant escalation of rhetoric, U.S. Vice President JD Vance has publicly stated that Washington has “destroyed” Iran’s nuclear program and weakened its military capabilities. This assertion comes amid ongoing tensions in the Strait of Hormuz, where Iran has demanded U.S. compensation and an end to the naval blockade before reopening the strategic waterway. The situation in the Strait of Hormuz remains a critical factor, with Iran linking its reopening to specific U.S. concessions. Additionally, developments related to the naval blockade and Iran’s demands could significantly impact the potential for a negotiated settlement. Markets may react to any signs of progress or setback in easing tensions, particularly if linked to the reopening of the Strait of Hormuz.