Bloomberg Surveillance · Monday, July 27, 2026
Tobin Marcus highlights that substantive differences between the US and Iran are the primary obstacle to a diplomatic resolution regarding control of the Strait of Hormuz. Previous attempts, like the MoU, have failed, and a permanent solution is hard to envision unless one side accepts the other's assertion of control.
“So you know. I mean, we already saw the best attempt to finesse. The differences between the US and Iran on control of the straight of horror moves in the MU and it immediately fell apart.”
“So it is challenging for me to see what a permanent solution could look like unless the US just becomes willing to accept Iran's assertion of control over the street, and thus far we really have not been doing that.”