Iran Considers US Proposal; Trump Warns of 'Bombing'

In a dynamic morning, President Trump's statement on Truth Social about potentially reopening the Strait of Hormuz, with or without Iran's agreement, sent ripples through global markets. Brent crude prices rose slightly. Iran is expected to respond within 48 hours via Pakistani mediators, with a proposed deal involving a gradual reopening of the strait in exchange for the US lifting its naval blockade. This could kickstart a 30-day negotiating period to curb Iran's nuclear program, a long-standing contentious issue.