Trump Shrugs Off Iran Talks Collapse as Strait of Hormuz Threat Spurs Oil Spike

3 articles · Updated · CNBC · Jun 1

Trump said he "couldn't care less" if U.S.-Iran negotiations are over, dismissing reports that Iranian negotiators will halt communications with Washington.
Iranian state media had reported Tehran could "completely block" the Strait of Hormuz in response to Israel's military operations in Lebanon, driving oil prices higher.
Trump said he was not worried about the oil surge, predicting crude and gasoline prices would fall "very quickly" and that Americans would accept temporary pain to stop Iran from getting a nuclear weapon.
Netanyahu and Trump spoke later Monday after Trump said he planned to ask the Israeli prime minister "what's going on with Lebanon," underscoring how the Lebanon fighting is now shaping the Iran standoff.

With the war costing billions and crippling global trade, what does a successful outcome for the United States now look like?

Did the failure of specialized diplomacy, not just political will, make the devastating military conflict with Iran inevitable?

How are world economies preparing for long-term supply chain disruptions beyond just oil from the Strait of Hormuz blockade?