Allowing Tehran to control Strait of Hormuz sets 'dangerous precedent', presidential adviser tells forum

Iran weighs a new US proposal as Trump warns peace talks with Tehran are near breaking point, amid Hormuz tensions, food shock fears and tumbling oil prices.

US Secretary of State Marco Rubio says a diplomatic solution would become unfeasible if Iran pushes through with plans to impose tolls in the Strait of Hormuz

The conflicting statements on key issues left it unclear if the two sides were any closer to a deal after renewed threats of escalation in recent days