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Iran Offers Hormuz Deal; Trump Cancels Envoy, Oil Surges

4/27/2026

36 6 Full Breakdown

Summary

Story summary

Iran offered a proposal to the United States to reopen the Strait of Hormuz, end the war, and defer nuclear talks.
President Donald Trump cancelled sending envoy Steve Witkoff and Jared Kushner to Islamabad for Iran talks.
Brent crude rose over 2% to $107.49 per barrel.
Japan’s Nikkei 225 and South Korea’s Kospi gained 1.38% to 60,537.36 and 2.15% to 6,615.03, respectively.
China’s industrial profits jumped 15.8% year-over-year in March.

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Story summary

Iran offered a proposal to the United States to reopen the Strait of Hormuz, end the war, and defer nuclear talks.
President Donald Trump cancelled sending envoy Steve Witkoff and Jared Kushner to Islamabad for Iran talks.
Brent crude rose over 2% to $107.49 per barrel.
Japan’s Nikkei 225 and South Korea’s Kospi gained 1.38% to 60,537.36 and 2.15% to 6,615.03, respectively.
China’s industrial profits jumped 15.8% year-over-year in March.