US-Iran Tensions: Trump Criticizes Iran's Proposal, Strait of Hormuz Remains a Focal Point

Apr 28, 2026

66 min

Apr 28, 2026 23:30

US-Iran ceasefire: Trump says Iran in 'State of Collapse', wants Strait of Hormuz opened

## US-Iran Ceasefire Developments

US President Donald Trump has expressed dissatisfaction with Iran's recent proposal to reopen the Strait of Hormuz and end ongoing conflicts. The US administration remains skeptical about Iran's intentions, with Secretary of State defending maritime measures against Iranian shipping.

## Oil Market Reactions

Oil prices have surged due to uncertainties surrounding the Strait of Hormuz. As of April 29, 2026, WTI crude neared $100 per barrel, while Brent crude exceeded $111. These increases are partly attributed to the UAE's decision to exit OPEC and OPEC+ starting May 1, 2026.

## Strait of Hormuz Shipments

The Idemitsu Maru, a Japanese-operated crude supertanker, has successfully navigated through the Strait of Hormuz, marking the first such transit since hostilities began. This follows the LNG tanker Mubaraz's earlier passage, indicating a potential easing of tensions.

## US Airlines Seek Aid

US budget airlines are requesting $2.5 billion in aid from the Trump administration to cope with rising fuel costs. The Association of Value Airlines, representing carriers like Frontier and Allegiant, argues that government support is crucial to maintaining competition in the industry.

## International Reactions

The European Union has reaffirmed its commitment to Gulf security, emphasizing the importance of regional stability. Meanwhile, tensions persist on the Lebanese front, with Israeli and Hezbollah forces engaging despite a ceasefire.

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