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Pakistan Says Deal Is Close Even as Iran, US Harden Stances | Bloomberg Businessweek
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August 11, 2026
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Pakistan’s defense minister said the US and Iran are “close to some sort of arrangement” over the Strait of Hormuz, even after both sides appeared to toughen their positions in the long-deadlocked negotiations. “Things are shaping up in favor of peace,” Khawaja Asif told reporters in Islamabad on Tuesday, without giving details of any breakthrough. Pakistan’s Interior Minister Mohsin Naqvi will shortly arrive in Tehran to hold talks with his Iranian counterpart, the Islamic Republic’s semi-official Fars agency reported.
On today's episode, Tim Stenovec and Kristine Aquino speak with:
Noam Rayden, William Sudhaus Senior Fellow at The Washington Institute
Aaron Mulvihill, Global Alternatives Strategist at J.P. Morgan Asset Management
Yoni Assia, CEO of eToro
Denitsa Tsekova, Bloomberg News Cross-Asset Reporter
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