US President Donald Trump expressed skepticism toward Iran's offer to reopen the Strait of Hormuz, citing lack of good‑faith commitments.
Trump emphasized Iran must end nuclear enrichment and renounce weapon development before any Hormuz reopening discussions proceed.
US Treasury Secretary Scott Bessent warned Iran’s oil output will collapse soon, with the naval blockade costing Tehran $500 million daily.
The Strait of Hormuz previously handled about 20% of global oil consumption, making its closure a major geopolitical and energy‑supply concern.