00:08:53.280It's partially open, heavily contested, and not operating in a normal atmosphere.
00:09:00.580Meaning boats are not just coming and going as they need to.
00:09:04.760Now commercial shipping has resumed in limited forms in some areas.
00:09:08.940But the situation remains, as they describe it, unstable and highly militarized.
00:09:15.520The United States naval presence remains enormous in the region.
00:09:19.220With Iran, they're continuing to use threats, inspections, even proxy pressure and maritime leverage as bargaining tools to get what they want in this peace deal.
00:09:30.040Now, according to the latest reporting today, negotiators are now discussing a new framework that would fully open the strait roughly 30 days after a formal peace agreement is signed.
00:09:43.600Now, during that period, Iran would reportedly begin removing naval mines and halt transit fees and restrictions tied to the conflict.
00:09:52.700Now, that is a huge development. It also means something critical.
00:09:56.860The strait is not fully normalized yet.
00:10:00.960If it were fully open and secure, there would be no need for these negotiations to reopen it.
00:11:53.800Europe is also watching energy prices directly impact their economies.
00:11:59.000And even more importantly than that, the Gulf states, well, they're watching because their
00:12:03.540financial futures literally depend on stable exports.
00:12:07.240And if they don't have it, they don't get the money they need.
00:12:10.300Now, there's also the war aspect of this.
00:12:12.780Israel is watching all this because any sanctions relief or nuclear promises, they affect their security and the regional security as well.
00:12:21.960And Russia, they're also watching as intently as we are because instability in the global energy markets benefits Moscow financially in a way that can alter and change their war with Ukraine.
00:12:34.640And that's why these negotiations have become so complicated.
00:12:38.360This isn't simply a bilateral nuclear discussion any longer.
00:12:43.560It's a negotiation about energy, military power, shipping lanes, proxy wars, regional alliances, and global economic stability.
00:12:54.200Now, politically, both sides are trying to claim there's real momentum.
00:12:58.900Some of it's flat-out lies from the Iranian government trying to keep their people in line.
00:13:04.260Iran is telling its domestic audience that it did not surrender,
00:13:07.920it did not hand over uranium outright,
00:13:10.740and forced Washington, they say, into broader negotiations