FINWIRES · TerminalLIVE
FINWIRES

Iran Reportedly Proposes Hormuz Reopening as US Reviews Plan

By

-- Iran has proposed reopening the Strait of Hormuz while delaying nuclear talks, with Leavitt saying the proposal is under discussion, according to media reports.

US President Donald Trump discussed the Iranian proposal with senior national security officials during meetings held on Monday, Karoline Leavitt, White House Press Secretary, said in a press briefing.

"I can confirm the president has met with his national security team this morning," Leavitt said, adding that the proposal is reportedly being discussed.

Leavitt did not comment on whether the administration would accept the proposal.

The proposal presented by Iran on Sunday suggests reopening the Strait of Hormuz while postponing negotiations over the nuclear program to a later stage, according to media reports.

Leavitt said Trump's key conditions remain unchanged. She declined to confirm whether the administration is actively considering the proposal and said Trump will address the issue publicly soon.

US Secretary of State Marco Rubio criticized the proposal, arguing it would give Iran control over access to an international waterway, Rubio said in an interview with Fox News.

Rubio said Iran's approach would require ships to seek permission or face threats, which he said undermines the principle of open international navigation.

He added the US would not accept any system that allows Iran to regulate access or impose costs on vessels using the Strait of Hormuz.

The developments follow a planned second round of US-Iran talks over the weekend that did not proceed as expected.

US President Donald Trump said he did not send representatives to Islamabad, citing internal divisions within Iran's leadership, according to a Truth Social post on Saturday.

Trump said, "... there is tremendous infighting and confusion within their leadership," adding, "If they want to talk, all they have to do is call!"

The US Department of State did not immediately respond to' requests for comment.

Oil markets reacted to the developments, with Brent crude rising about 2.77% to $108.25 per barrel and US West Texas Intermediate gaining about 2.42% to $96.68.

Related Articles

Asia

Telix Says Marketing Authorization Application for Glioma Imaging Candidate Accepted for Review in Europe; Shares Up 3%

Telix Pharmaceuticals (ASX:TLX) said Friday its marketing authorization application filed in Europe for TLX101-Px, its glioma imaging candidate, has been validated and accepted for review, moving into a 210-day active assessment phase.In a statement, the company said it is seeking a broad clinical label, reflective of current clinical practice guidelines, with national marketing authorizations expected to follow shortly after a positive outcome at day 210.The company said it aims to expand patient access to advanced imaging that can distinguish progressive or recurrent glioma from treatment-related changes in both adults and children, with potential for additional future indications.TLX101-Px is also being developed as a patient selection and response assessment tool for Telix's glioblastoma therapy candidate TLX101-Tx, which has been granted orphan drug designation in Europe and the US, per the statement.The phase 3 IPAX-BrIGHT trial of TLX101-Tx in patients with recurrent glioblastoma has started patient dosing internationally and is launching in multiple European countries, the company said.Telix Pharmaceuticals' shares were up 3% in recent Friday trade.

$ASX:TLX
Asia

Zozo's Profit Climbs 6% in Fiscal Year 2025

Zozo's (TYO:3092) profit attributable to owners of the parent rose 5.7% to 47.93 billion yen for the fiscal year 2025 from 45.35 billion yen a year earlier.The shopping mall operator's basic earnings per share increased to 54.11 yen from 50.90 yen a year ago, according to a Tokyo bourse filing on Thursday.Net sales climbed 7.2% to 228.37 billion yen for the full year ended March 31 from 213.13 billion yen in the prior year.The company declared a year-end dividend of 20 yen per share, payable from June 11.For the fiscal year 2026, the company expects attributable profit of 49.7 billion yen, EPS of 56.20 yen, and net sales of 241.9 billion yen.Zozo plans to pay interim and year-end dividends of 20 yen per share each for the year, which is higher than the amount in the year-ago period.

$TYO:3092
Asia

EML Payments Says Regulators Extend Date for Implementation of Required Guarantee Structure

EML Payments (ASX:EML) said the Australian Prudential Regulation Authority (APRA) and Reserve Bank of Australia (RBA) agreed to extend the date for implementation of the required authorized deposit-taking institution guarantee structure, subject to EML Payment Solutions showing "satisfactory progress" towards obtaining the guarantee via periodic reporting, according to a Friday Australian bourse filing.EML Payment Solutions is engaging with several domestic and international financial institutions, as well as legal advisors and trustee service providers, to design the required guarantee structure.The regulators had earlier said that they require the firm to obtain a guarantee from an authorized deposit-taking institution in respect of stored value liabilities for certain EML Payment Solutions programs by Thursday.

$ASX:EML