Macro Finance
Pakistan Says Deal Is Close Even as Iran, US Harden Stances
Bloomberg Markets·August 11, 2026·1 min read
Pakistan's defense minister stated the US and Iran are close to an arrangement over the Strait of Hormuz, despite both sides hardening positions in long-deadlocked negotiations. Noam Raydan of The Near East Institute noted data shows the Strait of Hormuz and Red Sea will remain essential choke points, according to a Bloomberg report.
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