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The Economic Times

Global Business / The Economic Times

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Iran has Trump by the Hormuz, and its squeezing. TACO again?

US President Trump's tone on the Iran war has changed dramatically. Initially demanding surrender, he now suggests the conflict is nearly over. This shift follows a sharp drop in oil prices. Iran's leverage over the Strait of Hormuz is a key factor. The US faces a dilemma of escalation or de-escalation. Markets remain skeptical about a swift resolution.

10 Mar 2026 8:50 pm