Hormuz Remains Deadlocked as US Says No Deadline for Iran Truce
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Good morning. The US and Iran are deadlocked in the Strait of Hormuz while their truce extends. Europe’s central bank raises the case for joint regional bonds. And Softbank is looking to add $10 billion more in debt. Listen to the day’s top stories.
The US and Iran remain locked in a battle for control over the Strait of Hormuz, with both sides effectively choking off traffic during an extended ceasefire. Washington is waiting on a new Iranian peace proposal with no firm deadline set, though Tehran says it has no plans to join talks anytime soon.