By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.
HONG KONG, China — Asian stocks fluctuated Wednesday while oil prices swung as talks to end the Iran war appeared to be at a standstill and the crucial Strait of Hormuz no nearer being reopened.
While the White House has said Donald Trump and his team were considering Tehran’s latest proposal to restore traffic through the waterway, CNN and the Wall Street Journal said the president was skeptical.
The Islamic republic this week submitted a plan that would reportedly see it ease the chokehold and Washington lift its retaliatory blockade on the country’s ports as talks continued, including over its nuclear program.
While US Secretary of State Marco Rubio said Iran’s proposal was “better than what we thought they were going to submit”, he insisted any eventual deal had to be “one that definitively prevents them from sprinting towards a nuclear weapon”.
