OIL CRISIS: Trump Weighs Iran Deal as Strait of Hormuz Blockade Chokes the Global Economy

A deepening crisis in the Strait of Hormuz has triggered a global economic emergency as the blockade of the world’s most vital oil chokepoint enters a critical phase. With approximately one-fifth of global petroleum liquid consumption stalled, United Nations Secretary-General António Guterres issued an urgent appeal to "let the global economy breathe," following the passage of Resolution 2817. In Washington, the Trump administration is reportedly reviewing a proposal from Tehran to reopen the waterway in exchange for a delay in nuclear talks, though White House Press Secretary Karoline Leavitt maintains that "red lines" remain firm. As Iran continues to blame U.S. "aggression" for the maritime disruption, international markets remain on edge with tens of thousands of seafarers stranded and global energy supply chains facing unprecedented strain. #straitofhormuz #oilcrisis #iranwar #globalnews #breakingnews #energysecurity #worldeconomy #trumpadministration #unitednations #shippingnews In this Times Now World News report, we break down the this topic: Stay connected with Times Now World for real-time global news and analysis: Read full coverage: https://www.timesnownews.com/world Instagram: https://www.instagram.com/timesnow.world Follow us on X: https://x.com/TimesNow_World #TimesNowWorld #WorldNews #BreakingNews