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US-Iran War Ceasefire News, Peace Talks Live Updates: Trump rejects Irans de-escalation proposal which includes removal of blockade over Strait of Hormuz

Even after weeks of fighting between the US and Israel, Strait of Hormuz, a narrow chokepoint at the centre of global trade, remains closed for maritime traffic | World News

The UAE's decision sparks uncertainty over how oil production will be coordinated globally, at a time when markets are already under stress from geopolitical tensions and disrupted shipping.

Trump claimed Iran had told the US that it was in a "state of collapse" and sought an urgent reopening of the Strait of Hormuz.

India on Monday underlined the need to ensure safe and unimpeded maritime passage and stronger international coordination to safeguard global waterways, reiterating its stance for free and lawful navigation amid the increasing threats and restrictions to commercial vessels in the Strait of Hormuz due to the ongoing conflict in West Asia.

China is intensifying customs inspections on fertilizer exports, particularly ammonium sulphate, to prevent circumvention of new restrictions. This crackdown follows instances of exporters misdeclaring restricted urea and potash as the permitted ammonium sulphate. The move aims to curb exports amid a widening price gap between domestic and soaring international fertilizer markets, influenced by Strait of Hormuz disruptions.

US Energy Secretary Chris Wright believes a safe passage through the Strait of Hormuz can be quickly established. He indicated not all Iranian mines require removal for ships to resume transit. The vital waterway has been effectively closed since late February, causing significant supply disruptions and price spikes for oil and gas.

At a time when geopolitical tensions involving Iran and the US have brought global attention to energy security due to the virtual blockade on the Strait of Hormuz, a vital choke point for global energy transit, former Bhabha Atomic Research Centre (BARC) Director and nuclear scientist Anil Kakodkar on Tuesday said the world is entering a major transition in how energy is produced, stored and consumed, with nuclear energy and hydrogen likely to play a critical role.

Iran has informed the US of its collapse and requested the reopening of the Strait of Hormuz. This comes after US and Israeli airstrikes in February 2026 led to Iran closing the vital waterway. The US Navy has since blockaded Iranian ports.

Several fibre-optic cables snake across the seabed of the strait, connecting countries from India and Southeast Asia to Europe via the Gulf states and Egypt.