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Trump Team Reviews Iran Proposal to Keep Strait of Hormuz Open

Trump and Keir Starmer urged restoring Strait of Hormuz shipping as U.S. officials review an Iranian proposal, while Araghchi said Iran and Oman will continue expert-level consultations on the waterway.

Fact Check
The claim appears largely supported, though with some details relying on secondary aggregation. The Wall Street Journal result 'Trump Skeptical of Iran Proposal to Lift Strait Blockade - WSJ' is the strongest evidence that U.S. officials/Trump were reviewing an Iranian proposal about the Strait. The AP result 'UK gathers countries to discuss reopening the Strait of Hormuz' corroborates an active UK-led effort to restore shipping, and '特朗普与英国首相通话，强调需要恢复霍尔木兹海峡航运' specifically says Trump and Starmer stressed the urgent need to restore shipping. '美媒：特朗普对伊朗的提案持怀疑态度，但没有断然拒绝' aligns with the WSJ framing that the proposal was considered, not accepted outright. The market-reaction part is supported by 'Polymarket “特朗普于 5 月 31 日前宣布取消霍尔木兹海峡封锁”概率升至 63%， 24H 上涨 7%'. Confidence is only medium because several fetched pages are secondary summaries citing WSJ, CCTV, or Jin10 rather than direct official statements, and I did not obtain a direct official White House or Downing Street release in-run.
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Summary

Trump and UK Prime Minister Keir Starmer discussed the Middle East crisis on April 26 and stressed the urgent need to restore shipping through the Strait of Hormuz, while U.S. officials said President Donald Trump and his national security team are skeptically reviewing an Iranian proposal tied to ending the war and the waterway’s status. Trump said Iran told the United States it was in a "collapse state" and wanted the route reopened quickly because it needed to address a leadership issue. Reporting on the proposal remains inconsistent: one version says Iran offered to keep the strait open while setting aside nuclear talks, while another says it would reopen only after the war ends and after guarantees that hostilities will not resume. Iran also said it and Oman agreed to continue expert-level consultations on the Strait of Hormuz, adding a diplomatic channel around one of the world’s most important energy transit routes. The United Kingdom said weeks of disruption had stranded many crew members in the Gulf, and an Iranian naval official said Iran has absolute control over the strait and remains on high alert. In parallel, Polymarket priced a contract on Trump announcing an end to the Strait of Hormuz blockade by May 31 at 63%, up 7 percentage points in 24 hours, after Trump’s comments. Markets have linked the developments to elevated oil prices, a weaker U.S. dollar, and broader investor focus on central bank decisions, geopolitical risk, and event-driven trading expectations.

Terms & Concepts
  • Strait of Hormuz: A narrow maritime chokepoint linking the Persian Gulf to global sea lanes and one of the world’s most important oil and energy transit routes.
  • Polymarket: A blockchain-based prediction market where users trade on the likelihood of future events using market-priced probabilities.
  • Risk sentiment: The overall market appetite for risk, which can shift across commodities, currencies, equities, and digital assets during geopolitical stress.