10 Nov 2026

Yesterday evening, the US and Iran were said to be considering an $8 billion deal to reopen the Strait of Hormuz.

Under the proposal: 1. The US releases $8 billion in frozen Iranian funds. 2. The US lifts its naval blockade on Iran. 3. Iran reopens the Strait of Hormuz. 4. Iran stops attacks on Gulf shipping. But after meeting 🇶🇦 Qatar's prime minister, Trump poured some cold water writing that Qatar, 🇸🇦 Saudi Arabia, 🇦🇪 the UAE, 🇧🇭 Bahrain and 🇰🇼 Kuwait "would prefer the status quo". In his words, that's "a continuation of the Greatest Naval Blockade in History, and the new Operation Iron Gate. Therefore, Land and Sea." Trump said the Gulf wants the blockade kept, by sea and by land. He also said: 🔹 A nuclear weapon for Iran is "non-negotiable" 🔹 The US is "locked and loaded", though new action is "quite unlikely" 🔹 There's "positive momentum" toward ending the conflict Peace talk with the blockade still in place isn't a reopened strait. The Iran war situation remains fluid. Source: Jack Prandelli on x

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