Rubio says Iran deal could take days as US launches fresh strikes - Headlines news and analysis from Global Banking & Finance Review
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Rubio says Iran deal could take days as US launches fresh strikes

Published by Global Banking & Finance Review

Posted on May 26, 2026

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· Last updated: May 26, 2026

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Rubio: Iran Deal May Take Days as US Strikes Stir Tensions in Hormuz Strait

US-Iran Tensions and Negotiations in the Strait of Hormuz

Recent US Strikes and Statements

May 26 (Reuters) - U.S. Secretary of State Marco Rubio said on Tuesday negotiating a deal with Iran could "take a few days," quashing hopes for an imminent end to the conflict a day after U.S. forces conducted what Washington called defensive strikes in southern Iran.

Describing the strikes against targets including boats attempting to lay mines and missile launch sites, Rubio said the Strait of Hormuz has to be open "one way or the other."

"The straits have to be open, they're going to be open one way or the other, so they need to be open," Rubio told reporters on his plane in India's Jaipur.

Despite a ceasefire in place since early April, U.S. Central Command said in a statement on Monday it had carried out fresh strikes designed "to protect our troops from threats posed by Iranian forces."

Iran said on Monday it had downed a "hostile" stealth drone using a new air defence system, Iranian news agencies reported, without saying where it had come from.

Diplomatic Efforts and Negotiations

The U.S. attacks came as Iran's top negotiator and its foreign minister were in Doha for talks with Qatar's prime minister on a potential deal with the U.S. to end the three-month-old war, an official briefed on the visit said.

Rubio told reporters in New Delhi earlier that the U.S. would give diplomacy every chance to succeed before considering whether to deal with Iran in "another way".

He said there was a "pretty solid thing on the table," referring to talks over reopening the strait and a "very real, significant, time-limited negotiation on the nuclear matter."

In a lengthy post on Truth Social on Monday, U.S. President Donald Trump said talks with Iran were going "nicely", but warned of fresh attacks if they failed. It "will only be a Great Deal for all, or no Deal at all," he wrote.

Regional Reactions and Israeli Involvement

In another indication of the region's tensions, Israeli Prime Minister Benjamin Netanyahu said on Monday Israel would intensify strikes against the Iran-backed Hezbollah militia in Lebanon. 

Israel's military soon thereafter said it was attacking Hezbollah infrastructure in Lebanon's eastern Bekaa Valley and other areas.

Israel and Lebanon agreed to a ceasefire in mid-April, but Israel has continued airstrikes it says are acts of self-defence against Hezbollah, which was not party to the truce.

Doha Talks and Key Issues

Focus on the Strait of Hormuz and Uranium Stockpile

DOHA TALKS

The official briefed on the Iranians' Doha visit told Reuters the discussions focused on the Strait of Hormuz and Iran's stockpile of highly enriched uranium, while Iran's central bank governor attended to discuss the potential release of frozen Iranian funds as part of a final deal.

Iranian foreign ministry spokesperson Esmaeil Baghaei said earlier that nuclear issues would only be negotiated after the framework accord was agreed.

Trump has said his key aim in the war is to prevent Iran from developing a nuclear weapon with its highly enriched uranium. Tehran has consistently denied it has plans to do that.

Strait of Hormuz Management and Economic Impact

Shipping Protocols and Costs

Baghaei said the potential Iran deal contained no specific details on management of the Strait of Hormuz, through which about a fifth of the world's oil and liquefied natural gas usually flows.

Iran would not charge tolls for ships to pass through but there would be a cost for services offered such as navigation and steps to protect the environment, he said, under a protocol to be agreed with Oman, which lies on the opposite shore of the waterway.

Timeline for Reopening the Strait

Citing a Middle East diplomatic source, Japan's Nikkei newspaper reported the U.S. and Iran were discussing a plan to open the strait about 30 days after reaching a deal to end hostilities.

Since the U.S. and Israel launched strikes on Iran on February 28, only a few dozen vessels have been passing through the Strait of Hormuz compared with 125 to 140 daily previously. 

Global Economic Consequences

The stand-off has caused a spike in oil prices and driven up the costs of fuel, fertiliser and food. 

In early Asian trade on Tuesday, U.S. West Texas Intermediate crude was up slightly from Monday's last traded price but down 5.5% from Friday's close. 

(Reporting by Reuters bureaux; Additional reporting by Akanksha Khushi, Doina Chiacu, Ariba Shahid, Hatem Mater, Andrew Mills, Elwely Elwelly, Michael Martina and Parisa Hafezi; Writing by Jan Wolfe and Stephen Coates; Editing by Lincoln Feast.)

Key Takeaways

  • Rubio emphasized that the Strait of Hormuz must remain open “one way or the other,” and said negotiations could take a few days (al-monitor.com)
  • U.S. launched defensive strikes on Monday targeting boats laying mines and missile launch sites in southern Iran to protect troops, despite an ongoing ceasefire (apnews.com)
  • President Trump called the emerging agreement “largely negotiated” with provision to reopen the strait, though Iran has not confirmed details and cautioned a deal is not imminent (investing.com)

References

Frequently Asked Questions

What did US Secretary of State Marco Rubio say about an Iran deal?
Rubio stated that negotiating a deal with Iran could take a few days, dismissing hopes for an immediate resolution.
Why did the US launch fresh strikes in southern Iran?
The US said the strikes were defensive, targeting boats and missile sites to protect troops from threats posed by Iranian forces.
How are the Strait of Hormuz negotiations impacting global oil prices?
Tensions and disrupted shipping in the Strait have caused oil prices to spike and increased costs for fuel and goods.
What are the main issues in the US-Iran negotiations?
Talks focus on reopening the Strait of Hormuz, reducing Iran's uranium stockpile, and possibly releasing frozen Iranian funds.
Is there a ceasefire in place between US and Iran?
A ceasefire has been in place since early April, but tensions remain high with ongoing military actions and negotiations.

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