Iran could reopen the Strait of Hormuz within two days

Iran's Foreign Ministry announced readiness to reopen the Strait of Hormuz within two days if the U.S. meets their demands, including lifting sanctions and releasing frozen assets. This statement follows Trump's remarks about a tougher stance on Iran. The U.S. and Israeli forces are reportedly planning further strikes post-midterm elections. Iran has threatened to expand its target range if attacked and is considering exiting the nuclear weapons development treaty. Negotiations are ongoing with Qatari mediation, but direct talks with the U.S. have not yet begun. Oil prices dropped by 8% following the announcement.