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Iran rejected a US proposal to reopen the Strait of Hormuz on May 8, describing it as "unrealistic," according to reports.
Iran rejected a US proposal to reopen the Strait of Hormuz on May 8, describing it as "unrealistic," according to reports.
The rejection kept the strait at the centre of the dispute, with each side's proposals for reopening falling short of what the other would accept.
The report did not set out what the US proposal contained, which makes it difficult to judge how far apart the positions were.
For shipping and energy markets, the practical question is when tankers can move freely. Maritime advisories and tanker tracking data are the most direct indicators of that.
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