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Trump Urges Hormuz Reopen; Rubio Says Offer Falls Short

4/29/2026

39 5 Full Breakdown

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Story summary
  • President Donald Trump said Iran told Washington it is in collapse and urged reopening the Strait of Hormuz.
  • Secretary of State Marco Rubio said the Iranian offer is better but insufficient because it does not address Iran’s nuclear program.
  • The April 13 blockade halted Iranian shipping, lifted Brent crude to $111.40 a barrel, and forced Iran to reroute trade via Caspian ports, rail through Turkey, and negotiate with Oman and Pakistan.
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