Some headlines from the White House press briefing:
- Iran can no longer distribute weapons to its proxies
- Iran asked for an agreed to a ceasefire
- Iran has agreed to open Hormuz
- Iran’s original plan was discarded
- Iran then put forward a more-reasonable plan
- Trump’s red lines have not changed
- We’ve seen an uptick in Strait traffic
- Trump expects it to be open
It’s hard to know what’s true and what’s spin in any of this.
- US and Iran to hold first round of talks Saturday in Pakistan
- There were also talks between top-level of US and China
- Trump is dispatching team led by Vance to Pakistan
- Hormuz revenue idea has been floated and will be discussed, Iran has given indications they will turn over uranium
- US has not ‘definitively’ accepted Iran collecting tolls in Hormuz
- US wants no limitations on Hormuz, including tolls
This article was written by Adam Button at investinglive.com.
