May 7, 2026
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5:04Now PlayingThe US is waiting on Iran to respond to its proposal to reopen the Strait of Hormuz and end a war that’s killed thousands of people, with tensions still high in both the Persian Gulf and in Lebanon.
Iran’s leaders are yet to indicate whether they’ll accept the terms of the deal, though they’ve previously shown little sign of yielding on their nuclear program and accepting a moratorium on enriching uranium, both top US demands.
This comes amid Wall Street Journal reports that the US is seeking to restart the Hormuz mission as early as this week, and that Saudi Arabia and Kuwait are lifting curbs on US military access to bases.
Evelyn Farkas is Executive Director of the McCain Institute and Former Deputy Assistant Secretary of Defense for Russia, Ukraine, and Eurasia. She speaks with Bloomberg's Kailey Leinz on Balance of Power.
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