US and Iran Remain in Holding Pattern

Bloomberg White House correspondent Kate Sullivan discusses the US-Iran standoff, noting that negotiations remain stalled and the Strait of Hormuz closure persists. President Trump canceled strikes after being urged by allies, but set a loose deadline for Iran. Sullivan highlights conflicting signals, high gas prices, and the political implications for the midterms. - US and Iran remain in a holding pattern with no breakthrough on key demands like enriched uranium and the Strait of Hormuz. - Trump held off on strikes after pressure from Gulf allies who said serious negotiations were underway. - Trump set a loose early-next-week deadline for Iran to respond, but previous counteroffers were rejected. - The Strait of Hormuz remains closed; a column suggests it may stay closed for a prolonged period. - Trump opposes any toll system or Iranian control over the Strait and insists on complete opening. - Gas prices are rising, causing midterm anxiety, but Trump is digging in on the conflict. - Sullivan attended a Trump rally in a competitive House district where he focused on domestic issues like SALT. - Protests were notable at the rally, signaling political tension.