Trump said the Iran conflict will end “quickly” as Tehran seeks to strengthen its control over the Strait of Hormuz. The strait is one of the world’s most critical oil transit routes, with roughly one-fifth of global oil supply passing through it.
CNN reports that the US is awaiting Iran’s response to a latest peace proposal. The US has put forward a new plan aimed at ending the conflict, though specific details have not been made public. CBS News live updates show both sides are still negotiating key terms.
Control of the Strait of Hormuz is one of the central flashpoints of this conflict. Iran has long threatened to close the strait under military pressure, which would cause global oil prices to spike. Markets are closely watching developments.
The international community has expressed concern over the escalating conflict. Analysts note that regardless of the military outcome, the conflict has already profoundly impacted Middle East geopolitics and could reshape global energy supply chains.