Trump warns Iran to open Hormuz or get 'hit very hard'
Iran wants to control the Strait of Hormuz and charge tolls - powers it did not exercise before the war began on Feb 28.
Source excerpt
WASHINGTON: US President Donald Trump said a deal to reopen the Strait of Hormuz could come as soon as Wednesday (Aug 5) but warned Iran it would get "hit very hard" if negotiations fell through.
Transit of the waterway, a key conduit for global oil and gas supplies, has been a sticking point in talks and led to renewed fighting following an April ceasefire.
Iran has tightened its grip on Hormuz and wants to control the strait and charge tolls - powers it did not exercise before the war began on Feb 28.
Trump said Tuesday a deal with Iran to reopen Hormuz could happen "tomorrow or the next day", telling reporters in California that negotiators "had a very good day".
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