Iran Offers US Peace Response, Wright on Reopening Hormuz, More
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Hello, I'm Stephen Carroll. I'm in Brussels, where many of Europe's biggest decisions get made.
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News when you want it with Bloomberg News Now. I'm Monica Ricks. Iranian state media reports Tehran has submitted a response to the latest U.S. proposal to end the war, which included stipulations on reopening the Strait of Hormuz in the next month. Bloomberg's Jeff Mason has more from Washington. Iran has ended up flexing its muscles with the straight in a way that it never had before this war.
And so that will be a really interesting thing to see is how the two sides work that out going forward. I think the U.S. would like to see Iran not involved at all. Iran, however, has realized that that is a huge piece of leverage that it has and seems unlikely to just throw that away or give that up.
Our Jeff Mason on Bloomberg this weekend. We're still waiting on details, but the proposal went to Pakistan, which has been acting as a mediator for this conflict. And the two sides would still need to negotiate a deal over Iran's nuclear program. But Energy Secretary Chris Wright has signaled the U.S. may give priority to reopening the strait.
If it's clear in the next few days that there's not a good path to a negotiated settlement, we'll go back to the military method to open the strait.
Energy Secretary Chris Wright on CBS's Face the Nation. Meantime, a tanker carrying liquefied natural gas from Qatar has now made it out of Hormuz. Bloomberg's Stefan Stapczynski is tracking it. I've seen multiple ships kind of make its way towards the strait on the western side and then turn around because they weren't able to get permission or the situation became potentially too dangerous for the ship to go through. So the fact that this ship went through is quite symbolic. The ship is bound for Pakistan. Passengers are still getting evacuated in Spain from the cruise ship linked to a deadly hantavirus outbreak. Ship Minister Monica Garcia.
This operation is an unprecedented operation. This operation requires the cooperation of 23 countries.
That includes the U.S. 17 Americans are on board, but even when they come home, experts insist the risk of widespread infection is still very low. Later this week, President Trump scheduled to meet with Chinese President Xi Jinping in Beijing to discuss a trade framework. National Economic Council Director Kevin Hassett says he has high hopes.
The fact is that President Trump and President Xi have very close relationships and President Trump puts American workers and American businesses first.
Hassett on Fox News. They're also expected to discuss the war in Iran. Treasury Secretary Scott Besson heads to Japan tomorrow. Bloomberg's Amy Morris has more on that from Washington.
Secretary Besson is expected to meet senior officials, including Prime Minister Sinead Takeuchi. Besant has been in close contact with his Japanese counterparts lately to curb speculative trading in the yen. The Nikkei newspaper reports that Besant will likely discuss recent moves in the currency market, as well as key issues like rare earths and the war in Iran. The trip comes ahead of a summit between the U.S.
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