Iran drafts terms to reopen Hormuz strait as US sends another warship
Iran has been blocking ships from the Strait of Hormuz, the only sea route in or out of the Gulf, amid a standoff with the United States.
Iran has been blocking ships from the Strait of Hormuz, the only sea route in or out of the Gulf, amid a standoff with the United States.
The United States launched its strongest set of economic penalties against Iran, after weeks of warning the move was coming.
President Trump said the United States is taking a low-key approach in its standoff with Iran, preferring economic pressure over military action.
Trump says the US and Israel will hold off on new strikes against Iran if a deal is reached fast — a reversal from reported plans for an intense weekend strike package, even as US embassies keep urging citizens to leave and markets brace for the swing.
Iran has extended its retaliatory strikes to Oman, widening a Gulf-wide escalation as US-Iran talks to end the war remain unresolved and the Strait of Hormuz standoff resets to square one.