President Donald Trump has expressed dissatisfaction with Iran’s proposal to reopen the Strait of Hormuz, the New York Times reported in the early hours of April 28, 2026. The statement escalates the weeks-long standoff between Washington and Tehran, with global markets closely monitoring the situation.

According to multiple sources, Iran previously submitted a plan to the international community for reopening the Strait of Hormuz. However, the proposal did not include provisions for nuclear negotiations. Tehran has instead sought to build broader diplomatic support from regional countries and major global economies to push for the restoration of passage through the strait.

The UN Secretary-General has warned that the US-Iran standoff at the Strait of Hormuz risks triggering a global food emergency. As the world’s most critical oil shipping chokepoint, the strait handles approximately 21 million barrels of crude oil daily, representing about one-fifth of global oil supply. The blockade has already caused significant volatility in international oil prices.

Meanwhile, dozens of nations have jointly called for the immediate restoration of normal navigation through the strait under the UN framework. The German Chancellor warned that the United States risks becoming bogged down in another quagmire similar to Iraq and Afghanistan. At UN discussions on nuclear non-proliferation, US and Iranian representatives engaged in a heated exchange after Tehran was granted a role in the non-proliferation mechanism, further intensifying the confrontation.

Analysts note that while no formal agreement has been reached between the US and Iran, this does not necessarily mean diplomatic channels are entirely closed. Iran is expanding its diplomatic outreach, engaging in indirect communications with regional and global powers. However, the US government’s position on Iran’s proposal remains firm, and the likelihood of a near-term breakthrough appears limited.

The ongoing tension in the Middle East has already had tangible impacts on global supply chains. Reports indicate that the US-Iran conflict has disrupted critical chemical supplies and pushed up prices for electronic components such as circuit boards, placing a new wave of cost pressures on the global technology industry.

Source: The New York Times, Al Jazeera, Reuters