Trump Rejects Iran's 1-Month Hormuz Deal Claim as Oil Swings More Than 5%

15 articles · Updated · Honolulu Star-Advertiser · May 27

Trump said U.S.-Iran talks have made some progress but still fall short of Washington’s terms, rejecting any suggestion that a Strait of Hormuz peace deal has been reached.
The White House called Iranian state TV’s report of a framework memorandum a “complete fabrication,” while Tehran’s own security official said nothing is agreed until all issues are settled.
Key disputes remain over who would manage the strait, whether U.S. forces would withdraw, and Iran’s nuclear program, which Rubio said must end any path to a nuclear weapon.
23 ships crossed Hormuz with Iranian permission in the past 24 hours, far below the prewar 125-140 daily vessels that carried about a fifth of global oil and LNG flows.
Oil prices initially dropped more than 5% on the Iranian report before recovering part of the loss, underscoring how the war’s supply shock is still rippling through energy markets and U.S. politics.

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