23/06/2026 19:11 - Internacionales
On June 22, 2026, Donald Trump confirmed what many thought impossible: the United States now holds total control over the Strait of Hormuz, the world's most critical oil transit chokepoint, following successful negotiations with Iran in Switzerland.
The breakthrough came after a 14-point memorandum was signed on June 17, 2026, establishing a cessation of hostilities, a 30-day timeline for reopening the strait, and creating an unprecedented USD 300 billion reconstruction fund for Iran. The negotiations were mediated by Qatar and Pakistan, two countries with significant regional influence.
The agreement triggered an immediate drop in Brent crude prices, the international oil benchmark. The conflict, which began on February 28, 2026, resulted in more than 3,700 casualties.
Two South Korean vessels have already successfully transited the Strait of Hormuz, marking the first passage since the memorandum was signed.
This signals a return to normalcy for global shipping routes.
| Actor | Position |
|---|---|
| Donald Trump (USA) | Threatens new attacks if Iran does not restrain its allies in Lebanon |
| Masud Pezeshkian (Iran) | Guarantees Iran will not manufacture nuclear weapons but will not abandon uranium enrichment |
| Abbas Araghchi (Iranian FM) | Confirms significant progress in negotiations |
| China | Supports mediation and calls for maintaining negotiating momentum |
| Israel | Refuses to withdraw troops from southern Lebanon |
| Hezbollah | Rejects direct negotiation with Israel |
The Strait of Hormuz is a narrow waterway located between the Persian Gulf and the Gulf of Oman. It is approximately 21 nautical miles wide at its narrowest point. This strategic passage handles roughly 20% of global oil consumption—approximately 21 million barrels per day. For context, that's enough to fuel hundreds of millions of cars daily. Any disruption immediately impacts oil prices worldwide, affecting everything from gasoline prices at the pump to the cost of shipping goods globally.
This agreement has significant implications for Argentina, South America's emerging energy powerhouse. Argentine energy exports have grown by 167% year-over-year, with oil exports increasing more than 320% and prices rising 50%.
According to consulting firms, Argentina projects energy exports of USD 11 billion in 2026, with a trade surplus approaching USD 9.7 billion.
While challenges remain—particularly regarding Israel's stance on Lebanon and Hezbollah's refusal to negotiate directly—this agreement represents a significant diplomatic achievement. The involvement of Qatar and Pakistan as mediators, along with China's support, demonstrates that multilateral diplomacy can produce results even in the most complex regional conflicts.
Alfredo S. Quiroga
