Iran proposes reopening Strait of Hormuz, US rejects offer

Iran has made a new proposal to the United States to reopen the Strait of Hormuz, a key shipping route for global oil supplies. The offer was reported by Axios and comes amid ongoing tensions between the two countries over the waterway.

US Secretary of State Marco Rubio rejected the proposal, saying the US cannot accept Iran retaining control of the strait. The future of broader talks between the two sides is now uncertain. Iranian Foreign Minister Araghchi is heading to Russia for further discussions.