Rubio Says the Squeeze Makes Strikes Unnecessary as Iran Keeps Hormuz Shut
Wednesday, November 11, 2026 · 7 min
Rubio told G7 allies the economic campaign against Iran means no need for major combat, while Mohsen Rezaei said Hormuz stays closed until Tehran's seven conditions are met. Tankers kept burning in the strait, oil bounced off two-month lows, and Treasury Secretary Scott Bessent reportedly moved to a military base over an Iranian threat.
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Rubio told G7 allies the economic campaign against Iran means no need for major combat, while Mohsen Rezaei said Hormuz stays closed until Tehran's seven conditions are met. Tankers kept burning in the strait, oil bounced off two-month lows, and Treasury Secretary Scott Bessent reportedly moved to a military base over an Iranian threat.
In this episode
- Iran denies talks with US, says Hormuz will stay shut until demands are met | US-Israel war on Iran News | Al Jazeera — Al Jazeera
“He said the Strait of Hormuz – the global maritime corridor that Iran closed – will not reopen until the US meets Tehran’s seven conditions. “Their initial response was insufficient and deceptive, and we are still waiting for an explicit and clear response,” he said.”
- Oil rebounds as Hormuz shipping attacks blunt hopes for Iran truce — Yahoo Finance
“"Even in the event a deal is struck, an increase in flows through the waterway would still depend on mine clearance, insurance costs and whether or not shipowners would even be willing to take the risk," LSEG Oil Research said in a November 10 note.”
- Rubio downplays war, Iran insists that US meets conditions — The New Arab Staff
“US Treasury Secretary Scott Bessent has relocated from his home in the Washington area to a military base following an Iranian threat against his life, the New York Times reported on Tuesday.”