Iran's Araghchi: Events in Hormuz underscore there’s no military solution to political crisis

Iran's Foreign Minister Abbas Araghchi said that the current situation in the Strait of Hormuz makes it “clear that there’s no military solution to a political crisis”.

“As talks are making progress with Pakistan’s gracious effort, the U.S. should be wary of being dragged back into a quagmire by ill-wishers. So should the UAE,” Araghchi said in a post on X. “Project Freedom is Project Deadlock,” he added.

Meanwhile, US President Donald Trump on Monday warned Iran that it will be “blown off the face of the earth” if it targets US ships that are protecting commercial vessels transiting the strait.

Key quotes from Iran's Araghchi

Events in Hormuz underscore there’s no military solution to political crisis. 
With progress in talks aided by Pakistan’s efforts, US and UAE should be wary of being pulled back into quagmire by ill-wishers.

Market reaction

Crude oil prices attract some buyers following the news headline. At the time of writing, the West Texas Intermediate (WTI) is up 2.40% on the day at $101.95.

(This story was corrected on May 4 at 23:50 GMT to say that the West Texas Intermediate (WTI) is up 2.40% on the day at $101.95, not go down.)