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President Trump discussed Iran's proposal to reopen the Strait of Hormuz with his national security team. The proposal includes conditions for the U.S. to end its blockade and postpone negotiations on Iran's nuclear ambitions. Despite the discussions, Trump is not considering the offer and has pledged to keep the strait closed until a complete deal is reached.
- ▪Trump discussed Iran's proposal with his national security team.
- ▪The proposal involves reopening the Strait of Hormuz if the U.S. ends its blockade.
- ▪Brent oil futures surged above $111 per barrel amid the discussions.
Opening excerpt (first ~120 words) tap to expand
President Donald Trump on Monday discussed Iran's proposal to reopen the Strait of Hormuz with his national security team, White House press secretary Karoline Leavitt said yesterday. Under the framework, Tehran would the open the key passage if the U.S. ends its blockade of the strait and the war concludes, while negotiations over Iran's nuclear ambitions would be reportedly be postponed.As CNBC's Kevin Breuninger reports, Leavitt said discussion of the proposal did not mean Trump was "considering" the offer and that Trump would likely speak directly on the subject "very soon." Trump has pledged to keep the strait closed until a deal with Iran is "100% complete."Brent oil futures surged above the $111 per barrel mark this morning.
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