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Day 114 of the WarSunday, June 21, 2026

Day 114 — Graham Says Trump Will Seize Hormuz by Force if the Deal Fails; Trump Eyes Tolls and 20% of the Oil; Iran Calls It a Bluff; Vance Talks in Switzerland Under Qatari-Pakistani Mediation; Tehran Threatens to Halt Talks Over Lebanon; Pezeshkian Vows No Surrender on Enrichment and Hands the IRGC 20 Million Barrels

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Iran's Red Lines — No Surrender on Enrichment, 20 Million Barrels to the IRGC

  • President Pezeshkian declares Iran will never relinquish its right to enrich uranium and insists Tehran's ballistic-missile program is no longer a point of contention in talks — drawing a sharp Trump warning over any move to close Hormuz.source
  • Pezeshkian announces the government has placed 20 million barrels of oil and a share of foreign-exchange reserves from public assets at the IRGC's disposal, per LiveIranNews — funneling national wealth to the Guard even as talks proceed.source

Take the Strait by Force — Graham and Trump Threaten to Seize Hormuz

Gulf & Naval
  • Sen. Lindsey Graham says that after 4.5 hours with Trump he expects that if the deal fails the president will take the Strait of Hormuz by force, charging a transit fee to fund the operation and warning the U.S. would 'obliterate' Iran if it contests that control.source
  • Trump tells Fox News the U.S. may take over Hormuz, collect tolls and take 20% of the oil passing through, calling the U.S. the 'guardian angel' of the strait and the wider Middle East — framing seizure as protection.source
  • Lebanese parliament security-commission spokesman Ibrahim Rezaei dismisses Trump's Hormuz threats as a 'bluff', arguing that if Washington had the capability it would have taken the waterway during the more than 100 days of war.source

Oil Flows Again — Energy Secretary Says Hormuz Traffic Is 'Back to Normal'

Gulf & Naval
  • U.S. Energy Secretary Chris Wright tells ABC News on Sunday, June 21, that oil traffic through the Strait of Hormuz 'has now returned to normal', a shift he says should keep energy prices trending down.source

Switzerland Talks — Vance at the Table, Qatar and Pakistan Mediating

Global
  • Vice President Vance arrives in Switzerland for talks with Iran mediated by Qatar and Pakistan, with U.S. and Iranian officials expected to negotiate overnight on Lebanon ceasefire enforcement, the Strait of Hormuz, the nuclear file and MoU implementation.source
  • IRGC-owned Tasnim warns Iran will cease all negotiations with the U.S. if Israel does not withdraw from Lebanon and Article 1 of the Islamabad Agreement — an end to war guaranteeing Lebanon's sovereignty — is not fulfilled, threatening 'severe retaliation'.source

Sources