Strait of Hormuz stuck in limbo as Trump mulls Iran's latest offer

Live Live Updates: Iran war and Strait of Hormuz stuck in limbo as Trump mulls latest Iranian offer By Tucker Reals Tucker Reals Editor Tucker Reals is CBSNews.com's foreign editor, based in the CBS News London bureau. He has worked for CBS News since 2006, prior to which he worked for The Associated Press in Washington, D.C., and London. Read Full Bio Tucker Reals April 28, 2026 / 6:55 AM EDT / CBS News Add CBS News on Google What to know about the Iran war today:The White House says the Trump administration is discussing — although not "considering" — an Iranian proposal that would see Iran and the U.S. mutually drop their respective restrictions on the Strait of Hormuz, but delay talks on the Islamic Republic's contentious nuclear program.Oil prices continued ticking up Tuesday with no clear sign of a solution to end the war emerging. The price of international benchmark Brent Crude topped $111 dollars a barrel early in the day, extending Monday's gains by about 2%. Fighting between Israel and Iranian-backed Hezbollah in Lebanon, which has been a major sticking point in efforts to cement a wider peace deal between the U.S. and Iran, continues. Israel warned more Lebanese civilians to flee their homes Tuesday ahead of military operations. New Updates   11m ago Oil prices keep ticking up, stocks mixed as White House mulls Iran's latest proposal Oil prices jumped and stocks sank Tuesday as the White House cast doubt on President Trump's willingness to accept an Iranian proposal to mutually lift restrictions and reopen the Strait of Hormuz to end the eight-week-old war.Oil prices rallied more than 2%, with Brent topping to top $111, to extend Tuesday's gains.The White House said Mr. Trump and his team met Monday to discuss the offer, but spokeswoman Karoline Leavitt said the president had made his "red lines" clear. Sources told CBS News that Iran's offer did not include any immediate concessions on its contentious nuclear program, which Mr. Tru...