BlockBeats News, April 21st. The U.S. and Iran are likely to restart negotiations in Islamabad, with various signs indicating that, in order to safeguard the global economic situation, Washington seems to be ready to "tolerate" Iran's control of the Strait of Hormuz. A previous warning from former Russian President Medvedev has ignited deep concerns in the Gulf countries: reopening the Strait of Hormuz may already be the greatest achievement possible through U.S.-Iran negotiations, which falls far short of the broader de-escalation desired by the Gulf countries.

Officials and analysts expect that the focus of the upcoming round of negotiations in Islamabad will shift away from Iran's missile or regional proxy issues and increasingly concentrate on restricting uranium enrichment activities and how to manage Iran's control over the Hormuz oil shipping lanes. This "management" instead of "dismantlement" strategy may allow Iran to further tighten its grip on Middle Eastern energy supplies. While this places global economic stability at the forefront, it sidelines the countries most vulnerable to energy and security shocks from the formal decision-making process.

Currently, the U.S. and Iran remain deadlocked on the uranium enrichment issue. Iran has rejected the demand for "zero enrichment," with Gulf country sources stating, "Ultimately, the Strait of Hormuz will be the final red line – it never used to be a problem before, but now it is." In this conflict, Iran's threat to Gulf shipping has shattered the long-standing taboo of controlling the Hormuz Strait, making disrupting shipping routes a tangible bargaining chip on the negotiation table for the first time.