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Hello, I'm Stephen Carroll. I'm in Brussels, where many of Europe's biggest decisions get made.
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News when you want it with Bloomberg News Now, I'm Dan Schwartzman. Shipping through the Strait of Hormuz remains curtailed, with transits over the past 24 hours consisting almost exclusively of ships linked to Iran. Several supertankers moved toward the waterway but have yet to make the crossing out of the Persian Gulf, despite a U.S. and Iran ceasefire taking effect this week. The U.S. has said the truce is conditional on Iran on blocking Hormuz. Since Thursday morning, just nine ships have been observed passing through the strait, with five heading out of the Gulf and four going in the opposite direction. Ahead of the Pakistan talks, President Trump is making new threats over the strait. Bloomberg's Tyler Kendall has more on that from Washington.
Just the fact that the negotiations are happening and getting off the ground is considered to be a success at least at this moment after we saw that potential roadblock yesterday over Israel's front in Lebanon. The thing is there are just still such big differences between the two sides as the vice president here is saying that President Trump has given them clear guidelines. President Trump has previously outlined that the U.S. wants to see no Iranian nuclear enrichment in a potential deal.
That's Bloomberg's Tyler Kendall. As the U.S. and Iran gear up for weekend peace talks in Islamabad, Pakistan, Iran's Parliament Speaker Mohammad Bagher Ghalibaf says in a post on X, two measures mutually agreed upon have yet to be implemented and, quote, must be fulfilled before negotiations begin. The two measures are a ceasefire in Lebanon and a, quote, release of Iran's blocked assets prior to the commencement of negotiations. Meanwhile, President Trump says that U.S. warships are being reloaded with ammunition to resume strikes on Iran in case peace talks in Pakistan fail. That's according to a New York Post report citing a Friday phone interview with Trump. Republican Congresswoman Nicole Malliotakis says she believes President Trump will be successful in the negotiations.
We have faith in the president's negotiating ability here. We've seen the decimation of so much of Iran's capabilities, but we need to make sure that Iran is removed as a threat. I have faith that we'll be able to get a good outcome.
That's Republican Congresswoman Nicole Malliotakis commenting on Bloomberg's balance of power. The American delegation to the talks is led by Vice President Shady Vance, who says he hopes for the best.
We're looking forward to the negotiation. I think it's going to be positive. We'll, of course, see. As the president of the United States said, if the Iranians are willing to negotiate in good faith, we're certainly willing to extend the open hand. If they're going to try to play us, then they're going to find that the negotiating team is not that receptive. So we're going to try to have a positive negotiation. The president has gave us some pretty clear guidelines, and we're going to see.
That's Vice President Vance speaking to reporters before boarding his plane to Pakistan.
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