The Trump administration continues to await a formal response from Tehran on a U.S. proposal aimed at ending the war and reopening the Hormuz chokepoint, following last week’s clashes between Iranian and U.S. naval forces in the world’s most critical waterway.
While there were no official signs of a breakthrough in negotiations as of early Saturday morning, new ship data from the Hormuz area may suggest that positive developments are ahead.
Bloomberg reporter Stephen Stapczynski wrote on X that an LNG tanker from Qatar is “attempting” to transit the Hormuz.
“If successful, this would be the first time Qatar has exported LNG out of the region since the Iran war began in late-Feb,” Stapczynski noted, adding, “The tanker says it is destined for Pakistan.”
The tanker is fully loaded with LNG and is currently transiting the Hormuz chokepoint. We must point out that the ship did not sail through the Hormuz Island route. There is no word on whether Iran charged the vessel a transit fee, but Tehran allows ships from “friendly” nations, primarily China, India, and the UAE, to pass.
On Friday, UBS energy analyst Anna Kishmariya told clients that shipping flows through the Hormuz chokepoint remain very restricted and that the global oil market is getting tighter.
There is certainly urgency among the Trump administration and other nations to unfreeze Hormuz, as oil market insiders see a roughly one-month countdown to global energy chaos if the waterway remains blocked through this month.
3 Responses
Lots of people still believe Trump opened up the Strait for the traffic we want, and closed it for Iran. They must be Fox viewers. It is incredible gullibility.
One of Trump’s latest gaffes is that he hopes “Iran signs what was agreed to”. But nothing was agreed to. Is that the kind of idea he gets from zionists Kushner and Witkoff? I think so, because then later they tell Trump Iran backed off the agreement, so we must bomb again.
Should just put irans demands and trumps admin demands into a chat bot and see what it comes up with?
The first time a Chinese or Russian ship get blown up its WWIII.