Trump's Iran strategy stalls as Strait of Hormuz talks falter

Government insiders privately fear President Donald Trump's Iran war has regressed, with nothing of value gained by the United States, according to CNN's Kristen Holmes on Tuesday. Secretary of State Marco Rubio acknowledged no finality on a deal for free passage in the Strait of Hormuz, where blockades disrupt global energy markets. Trump and Bessent teased a possible deal as early as today, but Iran threatens to attack the U.S. Navy. Officials believe the blockade is Iran's most powerful asset, so they won't remove it without a full commitment. Talks are stalled with no direct U.S.-Iran communication, and mediators seek a short stopgap to restart negotiations, leaving officials feeling back at square one.