What Happened
Tehran Seeks Leverage in Strait of Hormuz Negotiations
Iran has announced that it will not reopen the Strait of Hormuz unless the US accepts its terms, according to reports. The US is seeking an off-ramp from the war with Iran, with Treasury Secretary Scott Bessent suggesting a 30- to 60-day ceasefire could be imminent. Iran and Oman are discussing a temporary shipping arrangement, while the US has indicated it may lift its blockade of Iranian ports if commercial shipping resumes without impediments. The situation was first reported by Unknown Source.