Donald Trump issued a 48-hour ultimatum for Iran to reopen the Strait of Hormuz while claiming significant progress in secret negotiations.The US president proposed a joint control agreement for the waterway after delaying strikes on Iranian energy infrastructure for five days.Envoys Jared Kushner and Steve Witkoff are reportedly communicating with Mohammad Bagher Ghalibaf despite official denials from the Iranian government.Global oil prices dropped following news of the potential deal after the
EU previously declined to join a naval coalition.