Jeffrey Sachs warns Iran-US tensions in Strait of Hormuz may end without formal deal

Jeffrey Sachs forecasts that tensions between Iran and the United States in the Strait of Hormuz may de-escalate without a formal agreement. While the US prefers a military resolution, Sachs warns that further escalation is risky and could harm global energy markets and the economy. He suggests Iran seeks economic compensation and improved relations with Gulf states, contingent on reduced foreign military presence.