U.S. Refuses Iran Sanctions Relief For Reopening Hormuz, Demands Nuclear Disarmament

The Strait of Hormuz has been closed for 3 months due to the Iran-U.S. standoff, with no sanctions relief offered by the U.S. in exchange for reopening, pushing oil prices above $100/barrel. Negotiations are ongoing but slow, with a potential resolution hinted at "by next weekend" (around 2025-06-07), though no agreement has been reached yet.