{"id":1936,"date":"2026-06-22T04:18:21","date_gmt":"2026-06-22T04:18:21","guid":{"rendered":"https:\/\/crosscountrymovingteams.com\/?p=1936"},"modified":"2026-06-22T04:18:21","modified_gmt":"2026-06-22T04:18:21","slug":"dow-futures-drop-as-first-day-of-u-s-iran-talks-sees-trump-threaten-tehran-on-hormuz-you-close-it-and-you-wont-have-a-country","status":"publish","type":"post","link":"https:\/\/crosscountrymovingteams.com\/?p=1936","title":{"rendered":"Dow futures drop as first day of U.S.-Iran talks sees Trump threaten Tehran on Hormuz: \u2018You close it and you won\u2019t have a country\u2019"},"content":{"rendered":"
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Futures tied to the\u00a0Dow\u00a0Jones industrial average fell 156 points, or 0.30%. S&P 500 futures were down 0.46%, and\u00a0Nasdaq\u00a0futures lost 0.52%.<\/p>\n

Read more The tribe called the world\u2019s best fathers gets outpaced by rich American dads<\/a><\/p>\n

But oil prices reversed earlier gains after negotiation mediators Qatar and Pakistan reported \u201cencouraging progress\u201d with the creation of a line of communication over the Strait of Hormuz and the a \u201cde-confliction cell\u201d to end fighting in Lebanon.<\/p>\n

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U.S. oil futures were flat at $76.58 a barrel, while Brent crude fell 1.45% to $79.36. Gold dropped 1.15% to $4,196.10 per ounce.<\/p>\n

Earlier in Switzerland, Vice President JD Vance said both sides had already made \u201cgreat progress\u201d in talks, saying the U.S. side represented an \u201coutstretched hand\u201d toward the people of Iran.<\/p>\n

But after Iran said Saturday that it\u2019s closing the Strait of Hormuz again as Israel continues attacking Hezbollah positions in Lebanon, Trump told Fox News on Sunday he spoke with Iranian officials and warned them, \u201cYou close it and you won\u2019t have a country. You won\u2019t even make it back to your f\u2013king country.\u201d<\/p>\n

He also said the U.S. may take over the strait, adding \u201cI\u2019ll blow the s\u2013t out of them. If they don\u2019t make a deal, we\u2019ll collect tolls.\u201d<\/p>\n

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Last weekend, Trump and Iranian officials confirmed they agreed on a memorandum of understanding that reopens the strait, ends the U.S. naval blockade, and begins a 60-day period for both sides to negotiate other issues like Tehran\u2019s nuclear program and relief from U.S. sanctions.<\/p>\n

But on Sunday, the president claimed that after the 60-day negotiation window ends, \u201cI can do whatever I want.\u201d\u00a0<\/p>\n

Read more U.S.-Iran talks just started and Trump is already threatening to attack, causing negotiations to pause<\/a><\/p>\n

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While Iran halted talks after Trump\u2019s comments, its delegation remained in Switzerland to continue negotiations. But Lebanon will remain a sticking point. Israeli Prime Minister Benjamin Netanyahu reiterated that he would keep military forces in southern Lebanon \u201cas long as we need to protect our people.\u201d\u00a0<\/p>\n

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Until the situation in Lebanon settles down, talks over Iran\u2019s nuclear program will take a back seat. In addition, the tug-of-war over the Strait of Hormuz will drag on.<\/p>\n

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After Iran declared it closed, U.S.\u00a0Central Command insisted safe passage through the strait remained intact\u00a0and that traffic is up. It added that U.S. forces are still operating in the area to support freedom of navigation and pointed out that the\u00a0Joint Maritime Information Center issued an advisory\u00a0on Thursday affirming that a southern route along Oman\u2019s coast is safe.\u00a0<\/p>\n

While the U.S. ended its naval blockade on Iran as part of the MOU, Central Command also said \u201cU.S. forces remain present and vigilant to ensure all aspects of the agreement with Iran are adhered to, obeyed, and in full force and effect.\u201d<\/p>\n

For its part, Tehran\u2019s new Persian Gulf Strait Authority warned that ships must follow a regime-established route that passes along the Iranian coast and that alternatives are prohibited.<\/p>\n

And despite its deal with the U.S. banning tolls for 60 days, the PGSA is requiring insurance that will eventually come at a cost.<\/p>\n

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\u201cAt present, this insurance is provided free of charge to the vessel owner, with all expenses covered by the Islamic Republic of Iran,\u201d Iran said. \u201cThe PGSA reserves the right to introduce insurance fees in the future, which will be determined by the relevant insurer. Owners will then be required to purchase and renew coverage accordingly.\u201d<\/p>\n

Read more A stock\u00a0trader\u2019s\u00a0guide\u00a0to navigating a rare \u2018Super El Ni\u00f1o\u2019<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

He also said the U.S. may take over the strait, adding “I’ll blow the s–t out of them. 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