Tankers sail in the Gulf, near the Strait of Hormuz, as seen from northern Ras al-Khaimah, near the border with Oman’s Musandam governance, amid the U.S.–Israeli conflict with Iran, in United Arab Emirates, on March 11, 2026. Reuters
President Donald Trump on Friday said that the Iranian regime has very few negotiating options ahead of talks between Tehran and Washington in Pakistan over the weekend as a two-week ceasefire between the two parties continues to hold.
In a post on Truth Social, the president wrote Iran has “no cards” other than attempting to block commercial navigation through the Strait of Hormuz, which carries around one-fifth of the world’s oil on a normal day. The effective shutdown of the strait since Feb. 28 has sent oil, gas, and energy prices surging and has prompted fears about the global economy.