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Iran Offers Strait Reopen, Trump Evaluates as Brent Rises

4/28/2026

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Story summary
  • Iran offered to reopen the Strait of Hormuz if United States lifts its blockade and ends the war.
  • President Donald Trump convened his national-security team on April 27 to review the proposal, with the White House saying decision pending and the administration insisting deal must first address Iran’s nuclear program.
  • Brent crude rose to $108-$111 a barrel as limited traffic raised oil, gasoline and fertilizer prices, while leaders urged strait’s reopening.