Strait of Bargains: The High-Stakes Dance Over Hormuz

US Treasury Secretary Scott Bessent announced Tuesday that a deal to reopen the Strait of Hormuz could come "today or tomorrow," echoing President Trump's optimistic claims from Monday. Meanwhile, Iranian President Masoud Pezeshkian publicly denied multiple reports that he had threatened to resign during negotiations, insisting he is in "complete harmony" with the military and supreme leader.

Off the Record

Behind the optimistic headlines lies a complex power...