Iran has offered to end its control over the Strait of Hormuz if the U.S. lifts its blockade and ends the war. That's according to regional officials.

China will use its influence on Iran to help reopen the Strait of Hormuz, U.S. Treasury Secretary Scott Bessent told CNBC on Thursday. "China has a much bigger interest in reopening the strait than the U.S. does," the Treasury Secretary said.

Iran's military said on Saturday the Strait of Hormuz has "returned to its previous state." The announcement came after President Trump had said the blockade on Iranian ports would remain in place.

Energy Secretary Chris Wright on Friday suggested that the Strait of Hormuz, which Iran has kept closed amid its ceasefire with the U.S., will reopen “sometime this summer at the latest.” CNBC’s Brian Sullivan spoke with Wright at a new liquefied natural gas facility in Cameron,

The U.S. military says it has opened a passage through the Strait of Hormuz and reached out to dozens of shipping companies to encourage navigation through the waterway.

The U.S. and Iran seemed far apart on a deal to end weeks of war and reopen the crucial Strait of Hormuz on Sunday, as a drone attack sparked a fire at a United Arab Emirates nuclear plant,

Trump meets national security officials to discuss Iran war strategy as the Strait of Hormuz blockade enters its ninth week, rattling energy and crypto markets.

Inside the UK-led mission to open the Strait of Hormuz - The Royal Navy is being readied for the mission, which will take place when fighting has ended