Trump tells aides to prepare for lengthy Strait of Hormuz blockade
US President Donald Trump rejected Iran's proposal for an interim deal to reopen the Strait of Hormuz, saying it showed Iran wasn't negotiating in good faith. Oil prices rose to around $111 a barrel as a result of the ongoing conflict.
US President Donald Trump has rejected Iran's latest proposal for an interim deal to reopen the Strait of Hormuz. Trump told aides that Iran's offer showed it wasn't negotiating in good faith. Iran had proposed reopening the strait in exchange for the US ending its naval blockade of Iranian ports. The US and Iran are at odds over a possible peace deal, with oil prices rising to around $111 a barrel. Meanwhile, the UAE has quit Opec, a significant blow to the group of oil-exporting countries. Britain's King Charles stressed the importance of Nato and other alliances in a speech to Congress.
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