Hormuz Shipping Risks Persist After US Rejects Iran's Plan

Shipping risks persist in the Strait of Hormuz after US President Donald Trump rejected an Iranian proposal to reopen the waterway. Iranian media reported explosions near Qeshm Island and the firing of anti-ship missiles and drones at vessels crossing the strait, though Iranian authorities did not confirm attacks that day. An Indian cargo ship was hit last week, killing a sailor. The Islamic Revolutionary Guard Corps says the strait is closed to ships that do not coordinate with Iranian authorities, while Tehran has directed shipping companies to use an Iranian-approved temporary route and pay related fees, stressing the strait will not fully reopen before an end to a US blockade of Iranian ports. Washington says its warships escort oil tankers along another route. At the United Nations General Assembly, Iran proposed reopening the strait within a week if seven conditions are met, and Foreign Minister Abbas Araghchi said Iran remains committed and is awaiting a response through mediators including Pakistan, Qatar and Oman.