Trump Rejects Iran’s Offer to Reopen Strait of Hormuz, Risks Driving Oil Prices Higher

Global energy markets face fresh uncertainty after the US president signalled he will not accept Iran’s latest plan to lift its partial blockade of the Strait of Hormuz. The proposal would see oil shipments resume while postponing disagreements over Iran’s nuclear programme. But US officials warn that reopening the strait without curbing uranium enrichment would weaken Washington’s leverage. The strategic waterway carries a large share of the world’s oil supply. Its continued closure has already pushed up global fuel costs and sparked fears for energy security. White House spokespersons have remained tight-lipped on negotiations, insisting any agreement must prevent Iran from acquiring a nuclear weapon. Observers also note internal divisions in Tehran may complicate any final deal.

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