Iran offers Strait of Hormuz deal; Trump dissatisfied but prefers non-military path
🔴 Tension RisingCNBC2026-05-02
Iran proposed a deal to open the Strait of Hormuz and lift the U.S. blockade, but President Trump expressed dissatisfaction with the proposal, preferring a diplomatic solution over military action. Iran aims to create a more conducive atmosphere for negotiations by postponing nuclear talks to a later stage. The move comes amid concerns about energy supplies and rising gasoline prices.