Strait of Hormuz traffic nears standstill as Trump weighs Iran peace offer

7 articles · Updated · Bloomberg · May 3

The US president said he would review Tehran's latest proposal but questioned whether it was sufficient, saying Iran had not paid a big enough price.
The pause in shipping dimmed hopes for a quick easing of the twin blockades imposed by Tehran and Washington.
The latest standoff leaves one of the world's most important oil transit routes largely frozen as diplomacy remains uncertain.

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