Strait of Hormuz remains blocked

President Trump has rejected Iran's proposal to charge transit fees, insisting the waterway must remain open to international commerce without toll.

U.S. intelligence suggests that while some mines may be genuinely lost, the blockade serves as a significant point of leverage for Tehran in upcoming peace talks.

Global energy prices have remained elevated as over 600 vessels wait for safe passage through the region.

A U.K.-led coalition of 40 nations is currently coordinating plans to assist in mine-clearing operations and restore maritime security.