Iran is in the 'process of blinking' over the Strait of Hormuz, Petraeus says

NEW YORK, NEW YORK - SEPTEMBER 22: General David H. Petraeus (US Army, Ret.) speaks onstage during the 2025 Concordia Annual Summit at Sheraton New York Times Square on September 22, 2025 in New York City. (Photo by Riccardo Savi/ for Concordia Annual Summit) Riccardo Savi | Entertainment | Iran appears to be in the process of "blinking" over the Strait of Hormuz, according to ex-CIA director David Petraeus. Speaking to CNBC's Lisa Kim at the UBS Asian Investment Conference, Petraeus, chairman of the KKR Global Institute, said that an initial successful peace deal with Tehran would see the Strait opened without any conditions. Iran also must not be able to control traffic, charge tolls through it, or make threats of future closure, and "it appears that that may be in the offing," he added. This comes come after U.S. President Donald Trump said over the weekend that talks to end the war with Iran and reopen the Strait of Hormuz are proceeding, but urged his negotiating team not to rush into a deal. Peace talks face a key hurdle in Tehran's insistence on keeping an enriched uranium stockpile within the country and levying tolls for passage via the Strait. Petraeus, a retired U.S. general who had combat commands in both Iraq and Afghanistan, said if Iran is allowed to have some control over the critical waterway, Iran may be "strategically strengthened" despite being militarily weakened from U.S. and Israeli strikes. …