US warns Oman over Strait of Hormuz | Iran ceasefire talks | Global oil supply impact

Added: 2026-05-30

[00:00:00]The US warned Oman not to get involved in any effort with Iran to impose a toll on the Strait of Hormuz.

[00:00:06]While briefing the reporters, US Treasury Secretary Scott Pessen said he spoke with the idea of joint control with Iran on the Strait of Hormuz, with which it also says it has discussed the freedom of navigation.

[00:00:23]>> I think the president wanted to punctuate freedom of navigation in the Strait. I had a call with the Omani ambassador this morning and he assured me that there were no plans for tolling the Strait. As he said, our countries have had 200 years of good relations. He wants to have another 200 more and you know, I told him that this was a non-starter and he did not want to risk either the Omani individuals or Omani financial institutions they getting sanctioned.

[00:00:54]>> And now to give you more on this, I'm joined by DD India correspondent Akshay Dhoongre from newsroom. Good morning, Akshay. Well, 60-day ceasefire is under consideration now and the White House Deputy Chief of Staff has also said that in addition to a complete reopening of the Strait of Hormuz, Iran has also made many other concessions which are going to be unveiled in the time to come. What more can you tell us on this?

[00:01:16]>> Well, you know, yes, this is a good a good step in the direction of dialogue and diplomacy as countries like India have been reiterating from the very beginning of the conflict. A 60-day period is going to give diplomacy a chance at least without the threat of drones, without threat of missiles and and sanctions as well as the the financial institutions are concerned in Iran that is already battered down economy at this point in time. [snorts] We we have a global economy that is also suffering because of this conflict and the reopening of Strait of Hormuz is going to aid substantially with that. So, that is also going to be a good point. But with the US officials talking about other concessions that their adversary has made and and that to speaking publicly is not the wisest decision that they are making given the fact that these talks these you know these these dialogues and diplomacy sessions are are held in in private.

[00:02:12]They are kept in in highest form of secrecy till the time a permanent resolution a permanent ceasefire resolution is not agreed upon by both the parties. So it will be quite a jumping on gun you know talking about several concessions by your adversary and and in a in a bid to humiliate either your adversary or trying to make yourself feel better just ahead of you know a major midterm election that's coming up. That can impact this ceasefire that can also impact the trust factor that is there between both the sides as it is being developed by the leaderships of the two countries. So you know what more concession has either the US made or Iran made is secondary but at this point in time the world is actually quite keenly looking at a possibility of a ceasefire and and and the implementation of it more importantly to ensure that the massive strain that has come on the global economy comes down at least by little notch.

[00:03:06]>> Akshaya also tell us if the 60-day plan is agreed to we see any immediate impact on global supply chain and easing of energy supply?

[00:03:15]>> Well it it surely does. You know closure of Strait of Hormuz is like closure of 20% of global trade oil trade that that directly goes to countries like India, countries in Southeast Asia, countries other countries of South Asia as well that are that already are in a phase of massive development but you know being cut off from their main fuel supplies these countries can end up in in massive economic problems like recession. So the continuous continuation of the oil supplies not only is going to bring down the oil prices down substantially but also uh, sort of give the other countries a a feel of what peace feels like after after this kind of a prolonged conflict and how much easing up it will do to the financial institution as well as the energy uh, markets that are actually dependent on all of this fuel coming in from the Strait of Hormuz. So, it will uh, obviously ease it, but by how much and what will be the market sentiment regarding its permanence. That is the big question and you know, even if the ceasefire is announced uh, its implementation will be the main cause of of concern for the countries and a permanent solution will also be a main major point where now the global economies should likely be pushing both the sides to both the US and Iran so that the global economy doesn't go into a whirlwind and and end up end up you know, in in a recession like situation which will pull the the entire global economy down as well.

[00:04:45]>> Mhm. All right, thank you so much Akshat for joining us and getting us the latest.