Iran May Control Hormuz 'Forever': Sherman

Summary

Wendy Sherman argues Iran is likely to control the Strait of Hormuz indefinitely and that additional U.S. economic pressure will not make Tehran cave, keeping energy supply risk and consumer price pressure in focus. She also warns U.S. precision munitions have been depleted, supporting a costly military industrial rebuild and a potential $1 trillion defense budget. On Russia, she sees sanctions as slow and insufficient for quick pressure on Putin. The interview covers the upcoming Trump-Xi summit and Russia-China alignment with U.S. adversaries.

• Hormuz closure is seen as likely to persist, with Iran controlling the strait.
• Reopening would require U.S. concessions on sanctions, frozen assets, or tolls.
• Higher prices and economic crisis are already linked to the Hormuz closure.
• Sherman doubts Iran will capitulate despite more economic pressure.
• U.S. munitions shortages and drone alternatives point to defense rebuilding demand.
• A proposed $1 trillion defense budget and Russia sanctions legislation are discussed.
• Trump-Xi summit could address AI, technology, economic and climate issues.