WEBVTT

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<v Sarah>Tonight: the strait the bases

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<v Sarah>and the bargaining table all catch fire at once — Iran hits three Gulf capitals

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<v Sarah>the US strikes for a second straight night and oil jumps.

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<v Sarah>If you're just joining us: the Hormuz crisis started with Iran moving to control tanker traffic through service fees and attacks around the

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<v Sarah>strait then widened into direct U.S.-Iran exchanges.

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<v Sarah>By our last edition Washington had struck Iranian coastal sites

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<v Sarah>Tehran was claiming attacks on U.S.-used Gulf bases

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<v Sarah>and mediators were scrambling to keep the June 17 U.S.-Iran memorandum from collapsing.

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<v Rich>This is Iran War Daily.

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<v Rich>Bahrain Kuwait and Jordan in the blast radius

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<v Rich>sanctions and strikes in the same breath

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<v Rich>and Tehran saying no more talks — we'll get into who's actually paying for all of it.

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<v Sarah>This <00:00:57.024>one's <00:00:57.300>from <00:00:57.524>CNN:

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<v Quote>US <00:01:00.409>allies <00:01:00.832>Bahrain <00:01:01.609>Kuwait <00:01:02.012>and <00:01:02.283>Jordan <00:01:02.932>all <00:01:03.285>reported <00:01:03.770>responding <00:01:04.379>to <00:01:04.489>aerial <00:01:04.892>threats <00:01:05.339>on <00:01:05.438>Monday <00:01:05.762>morning <00:01:06.165>local <00:01:06.512>time

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<v Quote>after <00:01:07.472>Iran <00:01:07.824>said <00:01:07.979>it <00:01:08.072>was <00:01:08.232>launching <00:01:08.642>strikes <00:01:09.049>across <00:01:09.412>the <00:01:09.541>region <00:01:10.005>in <00:01:10.165>response <00:01:10.645>to <00:01:10.885>US <00:01:11.212>attacks <00:01:11.659>on <00:01:11.752>its <00:01:11.936>territory.

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<v Sarah>Here's <00:01:13.138>the <00:01:13.267>latest <00:01:13.731>on <00:01:13.858>the <00:01:13.982>Hormuz-to-Red <00:01:14.958>Sea <00:01:15.271>escalation: <00:01:16.318>a <00:01:16.627>second <00:01:17.091>night <00:01:17.411>of <00:01:17.651>US <00:01:17.958>and <00:01:18.148>Iranian <00:01:18.698>strikes <00:01:19.158>has <00:01:19.338>now <00:01:19.564>pulled <00:01:19.918>Bahrain

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<v Sarah>Kuwait <00:01:21.378>and <00:01:21.518>Jordan <00:01:22.062>into <00:01:22.378>air-defense <00:01:23.118>mode.

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<v Sarah>Per <00:01:24.267>CNN <00:01:25.147>the <00:01:25.314>US <00:01:25.589>military <00:01:26.151>says <00:01:26.460>it <00:01:26.627>hit <00:01:26.898>dozens <00:01:27.474>of <00:01:27.597>Iranian <00:01:28.140>military <00:01:28.637>targets

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<v Sarah>and <00:01:29.747>Iranian <00:01:30.220>state <00:01:30.554>media <00:01:30.967>says <00:01:31.367>its <00:01:31.676>forces <00:01:32.127>are <00:01:32.312>responding <00:01:33.047>with <00:01:33.407>a <00:01:33.514>fresh <00:01:33.943>wave <00:01:34.373>toward <00:01:34.780>US <00:01:35.154>bases.

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<v Sarah>And <00:01:36.487>I <00:01:36.615>want <00:01:36.860>to <00:01:37.007>get <00:01:37.147>the <00:01:37.263>geography <00:01:37.914>exact — <00:01:38.887>sirens <00:01:39.500>in <00:01:39.687>Bahrain

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<v Sarah>Kuwait <00:01:41.015>reporting <00:01:41.507>hostile <00:01:41.996>aerial <00:01:42.487>targets

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<v Sarah>and <00:01:43.584>Jordan's <00:01:44.069>military <00:01:44.631>says <00:01:44.940>it <00:01:45.107>intercepted <00:01:45.847>four <00:01:46.247>Iranian <00:01:46.878>missiles.

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<v Sarah>That's <00:01:48.300>three <00:01:48.727>US-allied <00:01:49.518>capitals, <00:01:50.535>none <00:01:50.780>of <00:01:50.919>them <00:01:51.111>signatories <00:01:51.874>to <00:01:51.967>the <00:01:52.220>MOU.

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<v Rich>Jordan <00:01:54.311>intercepting <00:01:55.047>four <00:01:55.420>missiles <00:01:55.954>it <00:01:56.231>says <00:01:56.551>came <00:01:56.839>from <00:01:57.058>Tehran — <00:01:58.087>a <00:01:58.227>capital <00:01:58.679>that <00:01:58.855>didn't <00:01:59.207>sign <00:01:59.607>anything <00:02:00.434>is <00:02:00.843>catching <00:02:01.147>the <00:02:01.287>blast <00:02:01.744>radius <00:02:02.140>of <00:02:02.347>a <00:02:02.487>deal <00:02:02.754>it

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<v Rich>had <00:02:03.260>no <00:02:03.447>hand <00:02:03.847>in. <00:02:04.427>Who's <00:02:04.853>paying <00:02:05.147>the <00:02:05.267>air-defense <00:02:05.895>bill <00:02:06.140>in <00:02:06.287>Manama <00:02:06.767>and <00:02:06.944>Kuwait <00:02:07.351>City <00:02:07.667>tonight?

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<v Rich>And <00:02:09.447>CNN's <00:02:10.067>got <00:02:10.327>Brent <00:02:10.834>up <00:02:11.095>over <00:02:11.527>3 <00:02:11.837>percent <00:02:12.380>on <00:02:12.578>Sunday.

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<v Rich>That's <00:02:14.027>the <00:02:14.144>street <00:02:14.527>telling <00:02:14.847>you <00:02:15.047>exactly <00:02:15.639>what <00:02:15.807>a <00:02:15.904>second <00:02:16.274>night <00:02:16.434>of <00:02:16.557>strikes <00:02:17.074>is <00:02:17.207>worth — <00:02:18.207>the <00:02:18.377>interim <00:02:18.791>deal <00:02:19.087>brought <00:02:19.436>prices <00:02:19.943>down <00:02:20.407>for <00:02:20.687>a <00:02:20.784>minute

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<v Rich>and <00:02:22.039>this <00:02:22.567>just <00:02:22.944>handed <00:02:23.314>it <00:02:23.447>back.

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<v Sarah>Here's <00:02:24.907>the <00:02:25.036>timing <00:02:25.479>that <00:02:25.660>sharpens <00:02:26.194>it, <00:02:26.455>Rich — <00:02:27.247>CNN <00:02:27.660>notes <00:02:27.980>we're <00:02:28.199>near <00:02:28.367>the <00:02:28.547>halfway <00:02:29.031>mark <00:02:29.340>of <00:02:29.479>that <00:02:29.767>60-day <00:02:30.307>negotiating <00:02:31.036>window.

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<v Sarah>So <00:02:32.187>the <00:02:32.297>strikes <00:02:32.687>are <00:02:32.847>landing <00:02:33.154>in <00:02:33.247>the <00:02:33.415>most <00:02:33.663>sensitive <00:02:34.207>stretch <00:02:34.514>of <00:02:34.607>the <00:02:34.799>diplomacy, <00:02:35.827>not <00:02:36.064>before <00:02:36.514>it, <00:02:37.087>not <00:02:37.287>after.

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<v Sarah>Al <00:02:39.147>Jazeera <00:02:39.647>writes:

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<v Quote>Oil <00:02:41.204>prices <00:02:41.661>jumped <00:02:41.967>more <00:02:42.143>than <00:02:42.455>4 <00:02:42.635>percent <00:02:43.108>after <00:02:43.415>the <00:02:43.581>latest <00:02:43.895>flare-up <00:02:44.295>between <00:02:44.595>the <00:02:44.712>United <00:02:45.112>States <00:02:45.475>and <00:02:45.631>Iran <00:02:46.063>that <00:02:46.291>threatened <00:02:46.695>their <00:02:46.945>already <00:02:47.345>fragile

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<v Quote>truce. <00:02:48.479>Both <00:02:49.103>main <00:02:49.375>oil <00:02:49.679>contracts

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<v Quote>which <00:02:50.607>have <00:02:50.735>tumbled <00:02:51.095>since <00:02:51.315>the <00:02:51.412>announcement <00:02:51.908>of <00:02:52.042>an <00:02:52.145>interim <00:02:52.543>agreement

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<v Quote>spiked <00:02:53.802>as <00:02:53.903>much <00:02:54.122>as <00:02:54.335>4.5 <00:02:55.105>percent

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<v Quote>fanning <00:02:56.148>concerns <00:02:56.607>that <00:02:56.799>inflation – <00:02:57.815>already <00:02:58.148>elevated <00:02:58.615>because <00:02:58.922>of <00:02:59.015>the <00:02:59.215>war – <00:02:59.882>could <00:03:00.055>force <00:03:00.295>central <00:03:00.642>banks <00:03:01.002>to <00:03:01.119>hike <00:03:01.419>interest <00:03:01.828>rates.

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<v Rich>Oil <00:03:02.967>up <00:03:03.127>as <00:03:03.282>much <00:03:03.554>as <00:03:03.794>4.5 <00:03:04.494>percent <00:03:04.967>on <00:03:05.094>the <00:03:05.254>day.

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<v Rich>Same <00:03:06.348>contracts <00:03:07.012>that <00:03:07.116>had <00:03:07.268>been <00:03:07.496>tumbling <00:03:08.180>ever <00:03:08.489>since <00:03:08.818>somebody <00:03:09.372>announced <00:03:09.983>an <00:03:10.256>interim <00:03:10.740>agreement — <00:03:11.929>so <00:03:12.056>the <00:03:12.162>market <00:03:12.484>just <00:03:12.722>marked <00:03:13.060>that <00:03:13.356>agreement <00:03:13.796>to <00:03:14.100>zero

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<v Rich>overnight.

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<v Sarah>Put <00:03:16.916>two <00:03:17.076>numbers <00:03:17.524>next <00:03:17.743>to <00:03:17.828>each <00:03:18.009>other, <00:03:18.636>per <00:03:18.809>Al <00:03:18.986>Jazeera.

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<v Sarah>The <00:03:20.166>interim <00:03:20.565>announcement <00:03:21.202>pulled <00:03:21.543>crude <00:03:21.940>down <00:03:22.244>measurably.

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<v Sarah>This <00:03:23.533>second <00:03:23.916>night <00:03:24.143>of <00:03:24.266>strikes <00:03:24.796>put <00:03:24.943>as <00:03:25.044>much <00:03:25.289>as <00:03:25.556>4.5 <00:03:26.406>percent <00:03:26.820>back <00:03:27.209>on.

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<v Sarah>You <00:03:28.316>can <00:03:28.476>see <00:03:28.636>the <00:03:28.802>market <00:03:29.129>price <00:03:29.436>the <00:03:29.604>deal <00:03:29.903>in, <00:03:30.484>then <00:03:30.743>price <00:03:31.103>in <00:03:31.176>the <00:03:31.300>risk <00:03:31.583>of <00:03:31.663>it <00:03:31.787>breaking.

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<v Rich>And <00:03:33.545>Tehran <00:03:34.036>is <00:03:34.226>hitting <00:03:34.516>Bahrain, <00:03:35.385>Kuwait, <00:03:36.173>Jordan — <00:03:37.129>three <00:03:37.556>US-allied <00:03:38.267>capitals <00:03:38.926>outside <00:03:39.576>the <00:03:39.716>deal, <00:03:40.336>but <00:03:40.642>inside <00:03:41.416>the <00:03:41.556>blast <00:03:42.047>radius.

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<v Rich>Who's <00:03:43.596>picking <00:03:43.929>up <00:03:44.056>the <00:03:44.176>air-defense <00:03:44.884>bill <00:03:45.129>in <00:03:45.296>Manama <00:03:45.866>tonight?

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<v Sarah>Jordan <00:03:47.849>is <00:03:47.976>the <00:03:48.076>one <00:03:48.228>that <00:03:48.409>jumps <00:03:48.716>out <00:03:48.889>to <00:03:49.183>me — <00:03:49.716>Bahrain <00:03:50.336>and <00:03:50.585>Kuwait <00:03:51.044>were <00:03:51.263>on <00:03:51.336>the <00:03:51.460>confirmed <00:03:52.084>list <00:03:52.356>already.

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<v Sarah>Amman <00:03:53.849>being <00:03:54.183>drawn <00:03:54.596>in <00:03:54.809>tells <00:03:55.116>you <00:03:55.268>something <00:03:55.596>about <00:03:55.849>which <00:03:56.172>coalition <00:03:56.745>Tehran <00:03:57.236>is <00:03:57.436>now <00:03:57.606>willing <00:03:57.983>to <00:03:58.106>antagonize.

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<v Sarah>Here's <00:03:59.938>Parisa <00:04:00.398>Hafezi <00:04:00.958>and <00:04:01.145>Steve <00:04:01.538>Holland <00:04:02.038>at <00:04:02.305>Al-Monitor:

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<v Quote>Iran's <00:04:04.333>Foreign <00:04:04.657>Minister <00:04:05.093>Abbas <00:04:05.573>Araqchi <00:04:06.313>and <00:04:06.413>his <00:04:06.613>Omani <00:04:06.980>counterpart <00:04:07.546>on <00:04:07.724>Saturday <00:04:08.365>discussed <00:04:09.056>arrangements <00:04:09.613>for <00:04:09.753>the <00:04:09.877>safe <00:04:10.203>passage <00:04:10.720>of <00:04:10.840>ships <00:04:11.193>through <00:04:11.353>the

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<v Quote>Strait <00:04:11.760>of <00:04:11.861>Hormuz <00:04:12.826>as <00:04:12.984>Washington <00:04:13.546>seeks <00:04:13.893>a <00:04:14.019>public <00:04:14.339>pledge <00:04:14.640>of <00:04:14.789>free <00:04:15.390>secure <00:04:15.803>transit.

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<v Sarah>Reuters <00:04:17.308>has <00:04:17.568>Araqchi <00:04:18.181>in <00:04:18.384>Oman <00:04:18.821>on <00:04:18.990>Saturday

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<v Sarah>talking <00:04:20.432>safe <00:04:20.758>passage <00:04:21.278>through <00:04:21.552>Hormuz <00:04:22.160>with <00:04:22.348>his <00:04:22.648>Omani <00:04:23.068>counterpart <00:04:23.888>Badr <00:04:24.555>Albusaidi — <00:04:25.928>and <00:04:26.092>Washington's <00:04:26.708>ask <00:04:27.088>is <00:04:27.319>specific: <00:04:28.248>a <00:04:28.425>public <00:04:28.825>pledge <00:04:29.221>of <00:04:29.408>free

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<v Sarah>secure <00:04:30.358>transit <00:04:30.878>through <00:04:31.108>the <00:04:31.228>strait.

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<v Sarah>The <00:04:32.906>sequencing <00:04:33.078>matters.

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<v Sarah>Trump <00:04:34.332>declared <00:04:34.708>the <00:04:34.832>ceasefire <00:04:35.488>over <00:04:35.861>on <00:04:36.037>Friday

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<v Sarah>yet <00:04:37.128>the <00:04:37.296>same <00:04:37.548>Iranian <00:04:38.025>source <00:04:38.408>tells <00:04:38.668>Reuters <00:04:39.136>that <00:04:39.440>Iran

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<v Sarah>the <00:04:40.395>US <00:04:40.981>Qatar <00:04:41.768>and <00:04:41.977>Pakistan <00:04:42.768>agreed <00:04:43.275>to <00:04:43.400>negotiate.

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<v Sarah>So <00:04:44.968>the <00:04:45.146>diplomatic <00:04:45.788>channel <00:04:46.248>and <00:04:46.388>the <00:04:46.505>strike <00:04:46.915>track <00:04:47.308>are <00:04:47.568>both <00:04:47.984>live <00:04:48.421>at <00:04:48.640>once.

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<v Rich>Free, <00:04:50.539>secure <00:04:51.168>transit — <00:04:52.240>sure.

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<v Rich>And <00:04:53.528>later <00:04:53.781>in <00:04:53.908>the <00:04:54.016>show <00:04:54.248>you'll <00:04:54.496>hear <00:04:54.768>Tehran's <00:04:55.395>price <00:04:55.768>for <00:04:55.920>that <00:04:56.117>pledge, <00:04:56.888>because <00:04:57.216>they <00:04:57.440>didn't <00:04:57.680>come <00:04:57.835>to <00:04:57.984>Oman <00:04:58.448>to <00:04:58.656>hand <00:04:58.875>it <00:04:58.976>over <00:04:59.208>for <00:04:59.398>nothing.

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<v Rich>Here's <00:05:00.720>what <00:05:00.882>caught <00:05:01.195>my <00:05:01.488>eye — <00:05:02.188>Reuters <00:05:02.656>says <00:05:02.955>no <00:05:03.228>attacks <00:05:03.680>were <00:05:03.861>reported <00:05:04.357>Friday <00:05:04.875>or <00:05:05.159>Saturday.

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<v Rich>Two <00:05:06.402>nights <00:05:06.661>of <00:05:06.828>strikes, <00:05:07.616>then <00:05:07.888>quiet, <00:05:08.736>then <00:05:09.021>talks <00:05:09.515>in <00:05:09.648>Muscat.

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<v Rich>Call <00:05:10.901>it <00:05:11.128>a <00:05:11.355>pause <00:05:11.981>while <00:05:12.501>somebody <00:05:13.008>prices <00:05:13.508>the <00:05:13.628>strait.

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<v Sarah>And <00:05:15.072>note <00:05:15.368>who's <00:05:15.628>mediating: <00:05:16.768>Qatar <00:05:17.208>and <00:05:17.408>Pakistan <00:05:18.101>on <00:05:18.228>the <00:05:18.368>call, <00:05:19.200>Oman <00:05:19.708>hosting <00:05:20.148>the <00:05:20.288>room.

65
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<v Sarah>The <00:05:21.296>Gulf <00:05:21.545>states <00:05:21.928>doing <00:05:22.168>the <00:05:22.328>shuttle <00:05:22.672>work <00:05:22.968>are <00:05:23.141>in <00:05:23.268>the <00:05:23.392>same <00:05:23.691>neighborhood <00:05:24.272>absorbing <00:05:24.868>the <00:05:24.995>blast <00:05:25.376>this <00:05:25.648>week.

66
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<v Sarah>This <00:05:27.322>one's <00:05:27.554>from <00:05:27.702>The <00:05:27.824>Economic <00:05:28.429>Times:

67
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<v Quote>The <00:05:29.728>United <00:05:30.128>States <00:05:30.511>has <00:05:30.701>imposed <00:05:31.251>new <00:05:31.487>sanctions <00:05:32.044>on <00:05:32.215>Iran's <00:05:32.599>financial <00:05:33.093>networks.

68
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<v Quote>These <00:05:34.431>sanctions <00:05:34.837>target <00:05:35.191>a <00:05:35.331>key <00:05:35.583>financier <00:05:36.271>for <00:05:36.471>Mojtaba <00:05:36.991>Khamenei <00:05:37.571>and <00:05:37.791>other <00:05:38.051>individuals.

69
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<v Quote>This <00:05:39.648>action <00:05:40.041>follows <00:05:40.448>recent <00:05:40.851>attacks <00:05:41.298>on <00:05:41.395>commercial <00:05:41.911>oil <00:05:42.215>tankers <00:05:42.658>in <00:05:42.731>the <00:05:42.848>Strait <00:05:43.218>of <00:05:43.335>Hormuz.

70
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<v Quote>The <00:05:44.757>United <00:05:45.088>States <00:05:45.495>aims <00:05:45.804>to <00:05:45.971>disrupt <00:05:46.455>Iran's <00:05:46.928>access <00:05:47.298>to <00:05:47.401>foreign <00:05:47.804>currency <00:05:48.331>and <00:05:48.682>international <00:05:49.431>finance.

71
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<v Rich>So <00:05:50.713>while <00:05:51.090>missiles <00:05:51.486>are <00:05:51.675>flying <00:05:52.134>over <00:05:52.346>the <00:05:52.466>strait <00:05:52.826>for <00:05:52.926>a <00:05:53.023>second <00:05:53.433>night

72
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<v Rich>Treasury <00:05:54.553>drops <00:05:54.934>sanctions <00:05:55.446>on <00:05:55.686>14 <00:05:56.326>names — <00:05:57.006>a <00:05:57.126>financier <00:05:57.886>for <00:05:58.086>Mojtaba <00:05:58.686>Khamenei <00:05:59.366>and <00:05:59.766>13 <00:06:00.292>others

73
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<v Rich>per <00:06:00.886>Reuters. <00:06:02.543>Timing's <00:06:02.822>cute.

74
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<v Sarah>Let <00:06:04.726>me <00:06:04.886>be <00:06:05.046>exact <00:06:05.579>on <00:06:05.726>who's <00:06:05.988>targeted: <00:06:06.986>the <00:06:07.110>lead <00:06:07.426>designation <00:06:08.134>hits <00:06:08.406>a <00:06:08.526>money <00:06:08.806>man <00:06:09.126>tied <00:06:09.473>to <00:06:09.606>Mojtaba <00:06:10.206>Khamenei — <00:06:11.326>the <00:06:11.497>designated <00:06:12.062>successor <00:06:12.619>to <00:06:12.746>the <00:06:12.854>late

75
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<v Sarah>Supreme <00:06:13.503>Leader <00:06:14.226>per <00:06:14.446>The <00:06:14.628>Economic <00:06:15.219>Times.

76
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<v Sarah>So <00:06:16.358>this <00:06:16.536>reaches <00:06:16.950>into <00:06:17.302>Iran's <00:06:17.824>succession <00:06:18.486>fight, <00:06:19.266>not <00:06:19.510>just <00:06:19.826>its <00:06:20.086>oil <00:06:20.406>revenue.

77
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<v Rich>Right, <00:06:22.706>and <00:06:22.913>it <00:06:23.033>lands <00:06:23.406>the <00:06:23.590>same <00:06:23.910>week <00:06:24.224>Washington <00:06:24.859>is <00:06:24.993>at <00:06:25.086>the <00:06:25.259>table <00:06:25.595>asking <00:06:26.086>Iran <00:06:26.446>for <00:06:26.646>free <00:06:27.046>access <00:06:27.556>through <00:06:27.830>Hormuz — <00:06:28.766>the <00:06:28.926>piece <00:06:29.179>we <00:06:29.350>just <00:06:29.686>hit.

78
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<v Rich>You're <00:06:30.950>squeezing <00:06:31.546>the <00:06:31.666>man's <00:06:32.059>inner <00:06:32.372>circle <00:06:32.678>with <00:06:32.866>one <00:06:33.126>hand <00:06:33.546>and <00:06:33.903>asking <00:06:34.286>him <00:06:34.433>to <00:06:34.566>open <00:06:34.906>the <00:06:35.026>strait <00:06:35.478>with <00:06:35.626>the <00:06:35.766>other.

79
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<v Sarah>Same <00:06:37.642>government, <00:06:38.294>same <00:06:38.534>news <00:06:38.793>cycle: <00:06:39.650>Treasury <00:06:40.068>pressure, <00:06:40.774>plus <00:06:41.006>a <00:06:41.104>diplomatic <00:06:41.806>ask.

80
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<v Sarah>Neither <00:06:43.019>Treasury <00:06:43.526>nor <00:06:43.786>the <00:06:43.913>negotiators <00:06:44.662>have <00:06:44.774>explained <00:06:45.286>how <00:06:45.566>those <00:06:45.826>fit <00:06:46.050>together <00:06:46.466>out <00:06:46.726>loud

81
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<v Sarah>and <00:06:47.626>the <00:06:47.742>sanctions <00:06:48.326>cite <00:06:48.686>the <00:06:48.852>tanker <00:06:49.196>attacks <00:06:49.766>as <00:06:49.946>the <00:06:50.066>trigger.

82
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<v Rich>And <00:06:52.006>here's <00:06:52.374>what <00:06:52.635>nobody <00:06:53.073>at <00:06:53.146>the <00:06:53.275>podium <00:06:53.766>prices: <00:06:54.606>cut <00:06:54.806>a <00:06:54.958>financier <00:06:55.666>off <00:06:55.894>from <00:06:56.126>foreign <00:06:56.468>currency, <00:06:57.414>fine — <00:06:58.026>but <00:06:58.166>who's <00:06:58.628>actually <00:06:59.206>paying?

83
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<v Rich>Iran's <00:07:00.846>crude <00:07:01.115>buyers <00:07:01.553>in <00:07:01.686>Beijing, <00:07:02.534>that's <00:07:02.886>who, <00:07:03.406>and <00:07:03.574>that <00:07:03.812>barrel <00:07:04.134>just <00:07:04.386>got <00:07:04.630>more <00:07:04.958>expensive <00:07:05.633>to <00:07:05.798>move.

84
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<v Sarah>Here's <00:07:07.278>Arsalan <00:07:07.955>Shahla <00:07:08.511>and <00:07:08.755>Jeff <00:07:09.078>Mason <00:07:09.491>at <00:07:09.695>Business <00:07:10.122>Standard:

85
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<v Quote>The <00:07:12.431>comments <00:07:12.835>came <00:07:13.094>hours <00:07:13.467>after <00:07:13.707>the <00:07:13.934>US <00:07:14.218>demanded <00:07:14.803>that <00:07:14.947>Iran <00:07:15.329>publicly <00:07:15.887>declare <00:07:16.407>all <00:07:16.760>channels <00:07:17.214>of <00:07:17.287>the <00:07:17.393>Strait <00:07:17.694>of <00:07:17.811>Hormuz <00:07:18.451>open <00:07:18.760>to <00:07:18.911>shipping <00:07:19.387>and <00:07:19.804>pledge

86
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<v Quote>not <00:07:20.440>to <00:07:20.604>attack <00:07:21.000>civilian <00:07:21.487>vessels <00:07:21.960>transiting <00:07:22.487>the <00:07:22.600>waterway

87
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<v Rich>So <00:07:23.791>Tehran's <00:07:24.328>answer <00:07:24.682>is <00:07:24.922>on <00:07:25.102>the <00:07:25.219>record <00:07:25.642>now — <00:07:26.389>no <00:07:26.682>talks <00:07:27.135>until <00:07:27.466>Hormuz <00:07:27.973>access <00:07:28.602>and <00:07:28.942>oil <00:07:29.322>exports <00:07:29.962>are <00:07:30.309>on <00:07:30.542>the <00:07:30.669>table, <00:07:31.362>per <00:07:31.526>Business <00:07:31.935>Standard.

88
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<v Rich>They <00:07:33.342>put <00:07:33.442>a <00:07:33.535>price <00:07:33.882>tag <00:07:34.175>on <00:07:34.322>getting <00:07:34.650>back <00:07:34.869>in <00:07:34.942>the <00:07:35.066>room.

89
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<v Sarah>And <00:07:35.862>let's <00:07:36.154>name <00:07:36.302>the <00:07:36.419>source <00:07:36.826>precisely — <00:07:37.994>this <00:07:38.149>is <00:07:38.282>Iran <00:07:38.652>stating <00:07:39.060>conditions, <00:07:39.942>not <00:07:40.162>a <00:07:40.255>mediator <00:07:40.730>characterizing <00:07:41.530>them.

90
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<v Sarah>Araqchi <00:07:42.962>was <00:07:43.162>gesturing <00:07:43.749>at <00:07:43.850>this <00:07:44.106>last <00:07:44.410>week <00:07:44.642>without <00:07:45.062>a <00:07:45.233>deadline; <00:07:46.042>now <00:07:46.362>it's <00:07:46.682>Hormuz <00:07:47.382>and <00:07:47.662>exports, <00:07:48.492>spelled <00:07:48.942>out.

91
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<v Rich>Which <00:07:49.895>lands <00:07:50.422>the <00:07:50.650>same <00:07:50.922>day <00:07:51.213>Washington's <00:07:51.850>demanding <00:07:52.362>free <00:07:52.742>strait <00:07:53.173>access <00:07:53.802>in <00:07:53.982>the <00:07:54.149>Al-Monitor <00:07:54.829>piece <00:07:55.215>we <00:07:55.402>just <00:07:55.782>hit <00:07:56.142>and <00:07:56.732>rolling <00:07:57.142>out <00:07:57.389>fresh <00:07:57.786>sanctions.

92
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<v Rich>Those <00:07:59.362>two <00:07:59.562>levers <00:07:59.942>are <00:08:00.202>yanking <00:08:00.655>in <00:08:00.833>opposite <00:08:01.467>directions — <00:08:02.562>you <00:08:02.722>can't <00:08:02.975>sanction <00:08:03.442>a <00:08:03.562>man's <00:08:04.152>oil <00:08:04.442>and <00:08:04.782>ask <00:08:05.102>him <00:08:05.215>to <00:08:05.354>keep <00:08:05.522>the <00:08:05.742>tap <00:08:06.138>open <00:08:06.582>for <00:08:06.822>you.

93
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<v Sarah>Same <00:08:07.606>government, <00:08:08.330>same <00:08:08.586>news <00:08:08.909>cycle, <00:08:09.682>and <00:08:09.871>nobody's <00:08:10.419>reconciling <00:08:11.162>it.

94
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<v Sarah>Treasury <00:08:12.335>is <00:08:12.514>squeezing <00:08:13.202>while <00:08:13.469>negotiators <00:08:14.242>are <00:08:14.453>asking — <00:08:15.422>and <00:08:15.551>Tehran <00:08:16.010>just <00:08:16.266>told <00:08:16.562>you <00:08:16.735>which <00:08:17.052>message <00:08:17.455>it's <00:08:17.698>answering.

95
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<v Rich>And <00:08:18.822>Beijing's <00:08:19.362>holding <00:08:19.662>the <00:08:19.773>discounted <00:08:20.339>barrel <00:08:20.730>that <00:08:20.989>fresh <00:08:21.386>sanctions <00:08:22.042>just <00:08:22.426>made <00:08:22.735>pricier.

96
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<v Rich>Whatever <00:08:24.170>this <00:08:24.422>refusal <00:08:24.935>costs, <00:08:25.722>Iran's <00:08:26.242>biggest <00:08:26.575>customer <00:08:27.109>is <00:08:27.372>helping <00:08:27.786>foot <00:08:28.095>it.

97
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<v Host>If <00:08:29.046>Iran <00:08:29.362>War <00:08:29.609>Daily <00:08:29.982>helps <00:08:30.222>you <00:08:30.374>stay <00:08:30.573>oriented, <00:08:31.574>take <00:08:31.742>a <00:08:31.828>moment <00:08:32.129>to <00:08:32.254>subscribe <00:08:32.982>or <00:08:33.195>leave <00:08:33.582>a <00:08:33.736>review <00:08:33.978>wherever <00:08:34.302>you’re <00:08:34.686>listening.

98
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<v Host>It <00:08:35.736>really <00:08:35.995>helps <00:08:36.302>other <00:08:36.548>people <00:08:36.870>find <00:08:37.082>the <00:08:37.238>show, <00:08:38.042>and <00:08:38.155>it <00:08:38.302>helps <00:08:38.555>us <00:08:38.694>keep <00:08:38.866>bringing <00:08:39.242>you <00:08:39.369>clear <00:08:39.782>updates <00:08:40.382>every <00:08:40.662>day.

99
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<v Host>What <00:08:41.839>we’re <00:08:42.070>watching <00:08:42.538>next: <00:08:43.546>Omani <00:08:44.386>and <00:08:44.556>Iranian <00:08:44.973>negotiators <00:08:45.826>are <00:08:45.990>expected <00:08:46.399>to <00:08:46.538>keep <00:08:46.719>going <00:08:47.018>with <00:08:47.202>technical <00:08:47.746>and <00:08:47.914>political-level <00:08:48.666>talks <00:08:49.119>on <00:08:49.306>safe <00:08:49.716>passage

100
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<v Host>through <00:08:50.846>the <00:08:50.952>Strait <00:08:51.279>of <00:08:51.418>Hormuz.

101
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<v Host>You’ll <00:08:52.954>find <00:08:53.199>links <00:08:53.493>to <00:08:53.586>every <00:08:53.853>story <00:08:54.239>we <00:08:54.386>covered <00:08:54.706>today <00:08:54.933>in <00:08:55.006>the <00:08:55.130>show <00:08:55.466>notes, <00:08:56.106>if <00:08:56.446>you <00:08:56.538>want <00:08:56.693>to <00:08:56.773>go <00:08:56.883>deeper <00:08:57.279>on <00:08:57.426>any <00:08:57.599>of <00:08:57.770>them.

102
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<v Host>That’s <00:08:59.130>Iran <00:08:59.426>War <00:08:59.599>Daily <00:08:59.906>for <00:09:00.106>today.

103
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<v Host>This <00:09:01.519>is <00:09:01.666>a <00:09:01.756>Lantern <00:09:02.206>Podcast.