Original Source
US-Iran Tensions Escalate in Hormuz Strait, Trump Optimistic on Talks
Hormuz Strait Tensions and Rising Oil Prices
The conflict between the United States and Iran has persisted for three months, escalating tensions in the Strait of Hormuz. This has led to soaring international oil prices and increased global inflationary pressures, contributing to a decline in US President Donald Trump's approval ratings. The Iranian Revolutionary Guard claimed to have attacked a US airbase, while the US also conducted 'self-defense strikes' on Iranian facilities and threatened further action. Subsequently, a US oil tanker attempting to cross the Strait of Hormuz was fired upon by the Revolutionary Guard Navy. Brent crude futures are currently up over 2% at $94.28 per barrel, and West Texas Intermediate (WTI) crude futures are also up over 2% at $90.65 per barrel.
President Trump Optimistic on Negotiations with Iran
President Trump stated at a White House cabinet meeting on May 27 that he 'doesn't care at all about the midterm elections,' dismissing Iran's belief that they could wait him out. He expressed optimism that negotiations with Iran are progressing well, and that both sides would soon reach an agreement to end the war. However, he candidly admitted to being 'very dissatisfied' with Iran's proposed negotiation terms. President Trump warned that while cooperation from Iran would be welcome, failure to do so would result in them being 'dealt with thoroughly.' He also emphasized that lifting sanctions or returning frozen funds to Iran is not currently under consideration, and Iran would only regain its money once it acts appropriately.
*Source: 今周刊 (2026-05-28)*
Related Articles
📧 Daily Newsletter
Get the daily global news briefing in your inbox every morning.
It's still free.