US, Iran Wrangle Over Terms of Deal to End War And Reopen Hormuz

bloomberg

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The United States and Iran remain significantly divided on terms to end their war and reopen the Strait of Hormuz. President Trump deemed Iran's response to his peace proposal "unacceptable," citing demands for sanctions relief and control over Hormuz traffic. Iran insists on an immediate cessation of hostilities, including in Lebanon, and the lifting of the US naval blockade. The impasse continues to disrupt global energy markets, with the Strait, a crucial oil and gas conduit, remaining largely blocked.