Headlines. Washington signals it is unlikely to accept Iran’s Hormuz‑first proposal, with Trump convening a Situation Room review and senior officials framing the strait as an unacceptable economic weapon. As US resistance hardens, Iran’s Araghchi turns to Moscow, blaming excessive US demands and aligning with Russia on maritime risks while nuclear talks remain frozen. Markets ease as US rejection firms, selective Hormuz transits resume under Iranian control, and Israel warns the region is heading into sustained multi‑front conflict.
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