Iran has reportedly presented a new proposal to the United States, offering to reopen the vital Strait of Hormuz. The offer comes as Iran seeks an end to the current U.S. blockade and a postponement of nuclear negotiations.
However, sources indicate that President Trump is unlikely to accept the terms of the new Iranian plan. Reports suggest the President is dissatisfied with the proposal from Tehran.
Despite Iran's offer to ease tensions in the critical shipping lane, oil prices have continued to rise. This is a developing story and will be updated as details emerge.
