President Donald Trump announced the US will begin escorting ships through the Strait of Hormuz starting Monday, calling it a “humanitarian gesture.” CNN has reached out to the White House and US Central Command for more details.
Gas prices. As the conflict continues to choke global oil supplies and the strait remains effectively closed, the average cost of gas in the US has soared to $4.45 a gallon — a rise of nearly 50% since the beginning of the war. OPEC announced a boost to its production, making no mention of the United Arab Emirates quitting the organization.
State of negotiations. Mr. Trump said his representatives “are having very positive discussions” with Iran as the two countries trade peace proposals.
US special envoy Steve Witkoff also told CNN that conversations are ongoing. The Iranian Foreign Ministry said Iran is reviewing the US reply to Tehran’s latest peace proposal.