Iran stops negotiations with U.S., vows to 'completely' block Strait of Hormuz

https://www.cnbc.com/2026/06/01/iran-us-negotiations-strait-of-hormuz.html

44•dgellow•1h ago

Comments

DivingForGold•1h ago

Here we go ...

david927•57m ago

A CAPE ratio of 40x and record-high margin debt; what could go wrong?

barbazoo•44m ago

I'm probably wrong but it seems glaringly obvious to me that the two supposed allies are not at all acting in a coordinated way. One hand doesn't know what the other one is doing or one hand is just ignoring it.

LanceH•34m ago

What allies would those be?

Hugsbox•27m ago

The US and Israel. Nothing about their approach here seems coordinated, they're both just doing whatever.

joxdosba•28m ago

This would be standard negotiations if the parties involved were competent.

In theory this gives the US the opportunity to offer Iran concessions in Lebanon at zero cost.

Synaesthesia•42m ago

I'm glad Iran is teaching the US and Israel a lesson. Their aggression and attacks have gone unchecked for far too long.

barbazoo•37m ago

I'm having a hard time not cheering for "the little guy" here before realizing that everyone actively involved here is actually bad.

spwa4•10m ago

Let's see ...

One side is responsible for the "pax Americana" (but everyone here was born into the time period and so doesn't realize how exceptionally peaceful it is)

One side is responsible for at least 20.000 but more likely 60.000 Iranian deaths, just this year (and nobody seems to mind)

Not having big issues to figure out between these 2 who is the good guy ...

mcphage•6m ago

> One side is responsible for the "pax Americana" (but everyone here was born into the time period and so doesn't realize how exceptionally peaceful it is)

The Pax Americana is great, but given America was one of the countries to start this war, I don't know how much credit they can get for something they just ended.

SilverElfin•31m ago

Are you being sarcastic? Iran is ruled by a an authoritarian theocratic regime that took over through violence and has been ruling over their citizens through violence. Iran is also the biggest backer of terrorists in the Middle East, and has supported Hamas, Hezbollah, Houthis, and many others. It’s Iran’s ruling power that has been unchecked for too long.

outside1234•39m ago

Can't wait for Trump to offer them $300B of our money for this to go away so he can get back to golfing with our money.

kashunstva•34m ago

I’m not sure he ever stopped golfing. But yes, getting back to some other distraction, an expensive one, no doubt - I’m sure that would ease his mind considerably.

kevin_thibedeau•27m ago

Cuba is up next but that can't get started until he has a "win" on Iran. They aren't giving him the chance to pretend he's a genius like all his lackeys do for him.

sheikhnbake•28m ago

Maybe we can throw in some US treasury printing plates too

10xDev•39m ago

There has been a lot of posturing from both sides, this is probably going to continue for a couple of months more before they reach equilibrium.

cdrnsf•38m ago

I don't think we should consider gross incompetence on the part of the US to be posturing.

10xDev•31m ago

I'm only giving a neutral perspective. The moment the world stops relying on oil, Iran will lose its biggest leverage in this situation. Other sources of energy are going to be pushed even more.

dh2022•6m ago

There is more that goes through Hormuz than just oil- like fertilizer for example. Just been able to charge a fee for crossing the Hormuz is a strategic goal for Iran. This is an outcome of the war. Previously Iran did not know how weak US is - but now they figured out.

It would be interesting to see if this war will be a net negative for Israel. If Iran emerges with more financial resources out of the war you can bet they will fund Hamas and Hezbollah more than before the war.

outside1234•38m ago

The craziest thing to me is that the conventional wisdom is that this will be over by July.

We will be lucky if any ships get through the straight by December.

cassianoleal•36m ago

> the conventional wisdom is that this will be over by July

Whose "conventional" wisdom?

bryanlarsen•17m ago

Crude oil prices appear to encode an optimistic outcome.

garbawarb•28m ago

I suspect Iran's goal is to drag this out until US midterm elections.

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