Iran's 'trump card' in Pakistan peace talks – the Strait of Hormuz
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Iran has taken control of the Strait of Hormuz, a crucial waterway for global oil and gas supply, giving it leverage in peace talks with the US. The US demands that Iran reopen the waterway, which has been restricted since the start of the war, causing disruptions in global energy markets.
Iran has entered peace talks in Pakistan with significant leverage due to its control of the Strait of Hormuz. The Strait is a 100-mile-long waterway that connects the Persian Gulf to the Gulf of Oman and the Arabian Sea, and is the primary channel for 20% of the world's oil and natural gas supply. Iran's blockage of the strait has caused a major disruption in global energy markets, leading to a spike in oil and gas prices. The US has demanded that Iran reopen the waterway, but Iran has only allowed a limited number of ships to pass through since the ceasefire. Iran is demanding the right to collect tolls from ships that traverse the strait as a condition for ending the war. The closure of the strait has shifted the focus of the peace talks away from Iran's nuclear program to the need to restore shipping traffic.
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