Iran War: Trump Reported to Seek Exit Plan Without Hormuz Deal

Watch on YouTube ↗  |  March 31, 2026 at 06:40  |  3:25  |  Bloomberg Markets

Summary

  • Conflicting signals emerge from the White House regarding the US-Iran conflict and the status of the Strait of Hormuz.
  • A WSJ report indicates President Trump is considering winding down military operations even if the Strait of Hormuz remains closed, dissociating the two issues.
  • This contrasts with a recent Trump Truth Social post that explicitly linked a war deal to the immediate reopening of the strait for business.
  • The US administration portrays military progress as substantial, with an Israeli official stating over 50% of objectives are met within an initial 4-6 week timeframe.
  • The reported rationale for potentially decoupling the issues is that forcing the strait open militarily would "significantly extend" the conflict timeline.
  • A key obstacle is Gulf and European allies' likely opposition to any diplomatic solution where Iran retains control of the strait or can charge tolls.
  • On-the-ground actions, like the US targeting an industrial base in Esfahan, point to continued military escalation despite the diplomatic chatter.
  • The core uncertainty is whether the Trump administration views the strait and the war as linked issues to be resolved together or as separate topics.
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