Iran-US war latest: Tehran vows to tighten grip on Strait of Hormuz as Trump mocks Iranian drone threat - Trump says Washington is waiting for Tehran to respond to a proposal on ending the war

Iran on Friday declared the Strait of Hormuz completely open to commercial traffic during the ceasefire between Israel and Lebanon. "In line with the ceasefire in Lebanon, the passage for all commercial vessels through Strait of Hormuz is declared completely open for the remaining period of ceasefire,

(Bloomberg) -- The wait stretched on for Iran’s response to a US proposal to end 10 weeks of war, as the world’s largest oil company warned it would take months for the market to return to normal even if the Strait of Hormuz reopened immediately.

What could the United States' blockade in the Strait of Hormuz look like and what impact might it have? Here's what to know.

Iranian foreign ministry spokesman Esmaeil Baghaei said Iran is still looking over a proposal from the U.S. regarding an end to the war, adding that Tehran will not respond to “deadlines or ultimatums" and that those "mean nothing.

The U.S. and Iran continue exchanging attacks in the Strait of Hormuz, while Iran has yet to respond to a U.S. peace proposal aimed at ending the conflict.

Donald Trump's team believes it is 'closest' it has ever been to a peace deal with Iran, which would reportedly see both sides lifting restrictions on transit through the Strait of Hormuz

Iran said Sunday it received a U.S. response to its latest offer for peace talks, a day after President Donald Trump said he would probably reject the Iranian proposal because