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Iran, Trump Reject US Proposal, Hormuz Stalemate

By Asia Times · 2026-05-14
Iran, Trump Reject US Proposal, Hormuz Stalemate

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Why it matters: The stalemate keeps Hormuz closed, inflating global commodity prices and hurting consumers while preserving leverage for both Iran and the United States; a multilateral UNCLOS‑based diplomatic push could restore free navigation, lower energy costs, and free negotiators to address the core nuclear issue.

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