Rubio Warns of 'Another Way' on Iran as Oil Drops 6% on Deal Hopes
Updated
Updated · Reuters · May 25
Rubio Warns of 'Another Way' on Iran as Oil Drops 6% on Deal Hopes
11 articles · Updated · Reuters · May 25
Rubio said the U.S. would give diplomacy every chance but pursue “another way” if Iran talks fail, signaling Washington sees no imminent breakthrough despite a ceasefire holding since early April.
U.S. officials said a framework on the table would have Iran reopen the Strait of Hormuz and dispose of highly enriched uranium, with a 60-day window to negotiate final nuclear terms.
Trump said the U.S. naval blockade on Iranian ships would stay in force until any agreement is reached, certified and signed, while also urging negotiators not to rush.
Iran gave no official response; Tasnim said Washington was still blocking parts of a deal, including Tehran’s demand to recover frozen funds, and an Iranian lawmaker warned pressure would bring retaliation.
Oil fell 6% to two-week lows on optimism over a possible accord, though any deal would only gradually ease an energy crisis tied to a waterway that once carried a fifth of global oil and LNG shipments.
With diplomacy stalled and military options risky, is there any real path out of the devastating U.S.-Iran quagmire?
Has the largest oil shock in history permanently broken the fossil fuel industry and fast-tracked a renewable future?
As millions are displaced amid massive aid cuts, what is the endgame for this spiraling humanitarian catastrophe?
At the Brink: U.S.-Iran Nuclear Negotiations and the Global Impact of the 2026 Strait of Hormuz Crisis
Overview
Diplomatic efforts to resolve the U.S.-Iran standoff have reached a critical point, with senior U.S. officials saying a nuclear agreement is closer than ever and negotiations with Tehran nearly complete. This new deal is fundamentally different from the Obama-era accord, which President Trump had previously abandoned. Reflecting optimism, Trump paused the U.S. naval operation in the Strait of Hormuz, though only a few ships had passed through since it began. While progress is clear, key details remain unresolved, and the world is watching closely to see if diplomacy will succeed or if tensions will rise again.