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Iran Outlines Demands for Hormuz Reopening as Crude Oil Extends Weekly Decline
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Nevertheless, he emphasized that achieving a limited arrangement would not automatically restore unrestricted maritime operations.
Vice President JD Vance recognized some advancement in discussions but expressed skepticism about whether Iran would present conditions Washington could embrace.
President Donald Trump has consistently maintained that the strait must resume unrestricted operations, warning of additional military intervention if compliance is not achieved.
Aramco’s chief executive indicated that recent security incidents resulted in brief operational disruptions but did not produce significant financial consequences.
Government representatives have indicated that securing his endorsement involves considerable time, with no verification of his consent yet provided.