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Hormuz Gives Iran 'The Cards' in US Negotiations, Says Ivo Daalder
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March 27, 2026
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9:06Now PlayingFormer US Ambassador to NATO Ivo Daalder said that Iran holds 'the cards' in negotiations and the ability to choke off traffic in the Strait of Hormuz gives the country an advantage as President Trump looks for a way to negotiate an end to the conflict. Daalder also touched on President Trump's comments expressing his disappointment in NATO, saying that the Trump's words are unlikely to get NATO allies to deploy forces against Iran.
The US and Israel exchanged missile fire with Iran as the war across the Middle East approached the one-month mark, with no sign of Tehran accepting US President Donald Trump’s demands for a ceasefire.
Israeli Defense Minister Israel Katz said the military would escalate its assault on the Islamic Republic in response to the targeting of civilians, while Tehran continued to retaliate against Israel and Gulf Arab countries including Saudi Arabia.
The attacks came after Trump pushed back his deadline for Iran to agree to reopen the Strait of Hormuz or face strikes on its power plants. The 10-day extension was his second since Saturday’s threat to destroy the infrastructure in the absence of Tehran reopening the critical waterway, a chokepoint that’s become increasingly urgent with global energy and commodity shortages mounting.
Brent crude rose almost 3% to about $111 a barrel on Friday, extending its climb this year to 82%. The conflict has caused fuel shortages and fears of stagflation across major and emerging market economies.
Iran’s Mobarakeh Steel, one of the country’s biggest steel producers, was among the targets of strikes on Friday, the semi-official Fars news agency reported.
Saudi Arabian authorities reported intercepting several Iranian drones and missiles, many heading toward the capital Riyadh. In Qatar, residents of Doha got missile alerts on their phones for the first time in days. Kuwait said drones damaged two ports. There were no casualties announced for any of the incidents.
Iran has rejected a 15-point list of ceasefire terms delivered by the Trump administration via intermediaries in Pakistan, and has countered with five conditions of its own — including maintaining sovereignty over the Strait of Hormuz.
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