Trump rejects Iran proposal to reopen Strait of Hormuz

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The standoff centers on Iran’s proposal to reopen the Strait of Hormuz in exchange for measures including the lifting of a U.S. naval blockade on Iranian ports. Trump said Iran was seeking an immediate reopening because it was losing badly, while Iranian officials said Tehran would show no flexibility on its nuclear program without reciprocal steps. The Strait is a critical passage for international oil and gas shipments, making any prolonged disruption a potential global economic and security crisis. Reports also indicate that the disagreement is unfolding amid sharp U.S.-China exchanges at the United Nations over Gulf sovereignty and regional policy.

Sources: Reuters, CNA, Associated Press, AsiaOne