Iran offers to reopen Strait of Hormuz amid oil price surge, but Trump seems unlikely to accept
- Posted on April 27, 2026
- By Fortune
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- 1 min read
Iran offers to reopen Strait of Hormuz amid oil price surge, but Trump seems unlikely to accept
With a fragile ceasefire in place, the U.S. and Iran are locked in a standoff over the strait, through which a fifth of the world’s traded oil and gas passes in peacetime.