00:00Tehran has now issued fresh conditions on its own to end the conflict.
00:04This comes as both sides continue their military campaigns.
00:08Iran's ballistic missile attacks and drone attacks are down by roughly 90%.
00:13The United States is also annihilating the Iranian regime's navy.
00:18We have destroyed more than 140 of their naval vessels, including almost 50 mine layers.
00:24This is the largest elimination of a navy over a three-week period since World War II.
00:31Let's bring in Bloomberg Washington Deputy Bureau Chief Laura Davidson.
00:34Laura, every morning we'll just have to digest every sort of commentary coming from both sides
00:39because at this point we're still seeing unwillingness from the Iranian side to compromise.
00:45What can you tell us on the state of talks, whether they're even ongoing right now?
00:51Yes, I would say it's perhaps, in fact, both sides are unwilling to compromise.
00:55We have this 15-point plan from the U.S. that really represents sort of the U.S.'s ideal outcome
01:00here
01:01and this five-point plan from the Iranians that they shot back that really represents
01:05that they would continue to maintain control of the Strait of Hormuz,
01:09that there would be reparations for all the war damage, all of the attacks would cease imminently.
01:13So you have sort of a very public, perhaps not a particularly productive negotiation playing out
01:19with these notes being passed back and forth.
01:22What's unclear is if there are back-channel talks happening through intermediaries
01:25where top officials are talking, getting more into the nuts and bolts of diplomacy here,
01:29or if it's more of this big show out in public of each side sort of demanding
01:34sort of their ideal version of how this comes to a close.
01:41At the same time, we're seeing the U.S. ordering troops to the region as well.
01:45Is this part of the pressure campaign to break Tehran's will?
01:50It's a pretty risky tactic, if so.
01:54It certainly is, as well as expensive.
01:56You have a little bit here of Trump sort of having his cake and eating it, too,
01:59insisting that peace talks are ongoing, insisting that these are productive talks,
02:03that they're reaching elements of compromise.
02:06But meanwhile, just in the past several days, he's ordered, you know,
02:09between 6,000 and 7,000 additional troops to the region.
02:13You know, some of these, you know, are coming from the U.S., they're coming from California.
02:16It will take them several weeks to get there.
02:18So this indicates, at least, that the U.S. thinks there's a possibility in some scenarios
02:23that they could need these troops, you know, weeks down the line.
02:26And this would mean sort of, you know, an escalating attack versus de-escalatory.
02:30And do we know at this point what are the conditions that Iran wants to see in order to entertain
02:35a ceasefire
02:36and, of course, the reopening of the Strait of Hormuz as well?
02:41Yeah, there were a handful of things.
02:42You know, they wanted an immediate cessation of attacks, including from what they called proxy groups in the region.
02:48And, you know, they're referring there to U.S. allies.
02:51They also wanted to assert their authority over the Strait of Hormuz.
02:55That is probably going to be a nonstarter for Trump and the U.S.
02:59and other allies who have, you know, sought to have the Iranian lessened control there.
03:04So a lot of different pieces here that are probably going to be nonstarters.
03:07I think both we can look at both the 15-point plan and the Iranians' five-point plan sort of
03:12as, you know,
03:12sort of being, you know, at the opposite ends of the spectrum.
03:15And any sort of compromise would have to, you know, move several standard deviations towards the mean there.
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