Breaking and developing coverage from across New York.
Iran has offered to reopen the Strait of Hormuz within seven days if the United States eases military pressure and lifts its blockade of Iranian ports, a proposal that has already helped push oil prices below $100 a barrel.
Washington and Tehran are signaling possible renewed diplomacy during the United Nations General Assembly in New York, with Iran offering a path to reopen the Strait of Hormuz while fighting in Yemen adds new pressure on regional security and global shipping.
Treasury Secretary Scott Bessent, U.S. Trade Representative Jamieson Greer and Chinese Vice Premier He Lifeng are meeting Sunday as the two countries negotiate tariffs, critical minerals and artificial intelligence before President Xi Jinping’s state visit to Washington.
