May 01, 2026

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Trump floats new plan to reopen Hormuz, coordinates with allies to impose higher costs on Iran

US President Donald Trump on Thursday floated a new plan to reopen the Strait of Hormuz, a senior official said. As part of the plan, the United States would continue its blockade on Iranian ports, while coordinating with allies to impose higher costs on Iran's attempts to subvert the free flow of energy, according to a senior administration official.

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