Overview
- After a Monday meeting with his national security team, the White House signaled President Trump is unlikely to accept Iran’s plan that reopens the Strait of Hormuz but delays nuclear limits.
- Oil rose back above $110 per barrel as flows through the strait stayed tight, with ship‑tracking data showing only one oil products tanker entered the Gulf on Sunday.
- Iran reinforced its claim over the waterway, with its U.N. mission saying the country is not bound by the U.N. sea‑law treaty, while the U.S. kept intercepting and redirecting ships under a ports blockade.
- Trump posted Tuesday that Iran is in a “State of Collapse” and called for the U.S. to open the strait, but officials restated red lines on verifiable nuclear constraints before lifting the blockade.
- Selective passages offered brief relief, as a Japanese supertanker and a UAE‑managed LNG carrier transited, yet face‑to‑face talks remain stalled and Gulf states prepared to discuss the proposal at an exceptional summit.