The Strait of Hormuz opens and closes, and negotiation leverage is put on the table.

Crypto World News, citing The New York Times, reports that U.S. Secretary of State Rubio said that if Iran reopens the Strait of Hormuz, the U.S. is prepared to enter “very serious negotiations” regarding Iran’s nuclear program. Rubio said, “You can’t solve the nuclear issue in 72 hours, on the back of a napkin. The strait must be reopened immediately, and then we will engage in very serious negotiations within the agreed parameters on uranium enrichment, highly enriched uranium, and Iran’s commitment to never possess nuclear weapons.” He emphasized that the Trump administration’s policy of “Iran not possessing nuclear weapons” has not changed, but hinted that the U.S. is prepared to adopt a phased approach to negotiations. He added that if the negotiations fail to make progress within two months, the president will then have all of the options he currently has, including resuming threats of strikes against Iran.