Trump and Iran exchange threats and proposals over Strait of Hormuz

President Donald Trump and Iran have exchanged threats and proposals regarding control of the Strait of Hormuz, a critical waterway for global oil shipments. Trump suggested the possibility of joint control with Iran and claimed Iran gave the US a 'gift' linked to the strait, while Iran's embassy in Saudi Arabia mocked his negotiation stance.

Separately, Bahrain is pushing for a UN resolution to protect shipping in the strait, and the European Union's president said the EU could deploy a mission there after hostilities end.