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Global Business News

The Economic Times

Global Business / The Economic Times

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Hormuz standoff: Trump misread his leverage and overplayed his hand

A brief reopening of the Strait of Hormuz offered hope for US-Iran ties. Oil prices fell and markets rallied. However, Iran quickly reversed course, shutting the strait again. This move contradicted US claims about negotiations. Experts suggest President Trump may have misjudged his leverage, potentially hindering talks. Iran's actions indicate it is not a pushover.

19 Apr 2026 6:00 am