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Iran offers to reopen Strait of Hormuz amid oil price surge, but Trump seems unlikely to accept

  • Posted on April 27, 2026
  • By Fortune
  • 1 Views
  • 1 min read
Iran offers to reopen Strait of Hormuz amid oil price surge, but Trump seems unlikely to accept
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.
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Author
Fortune

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