David Petraeus, former CIA director and current chairman of the KKR Global Institute, stated that Iran appears to be 'blinking' in negotiations regarding the Strait of Hormuz. Speaking at the UBS Asian Investment Conference, he explained that a successful peace deal would require Iran to open the strait without conditions, including the prohibition of toll charges and threats of closure. This statement follows U.S. President Donald Trump's comments about ongoing talks to end hostilities with Iran and reopen the strait. However, negotiations are complicated by Iran's demand to keep an enriched uranium stockpile. Petraeus cautioned that while Iran's military capabilities have been significantly weakened, it still poses a threat to commercial shipping in the strait. He emphasized that broader issues, such as Iran's nuclear ambitions and its support for groups like Hezbollah, also need to be addressed. Meanwhile, U.S. Secretary of State Marco Rubio suggested that a deal could be reached soon, indicating a potential shift in diplomatic efforts.