Trump evaluates Iran's latest proposal, Asian stocks generally close lower
As US President Trump evaluates Iran's proposal to reopen the Strait of Hormuz, oil prices rose today, while Asian stocks generally fell. Iran has reportedly submitted a written message to Washington outlining its bottom line in peace talks, including its nuclear program and the future of the Strait of Hormuz.
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- 📰 Published: April 28, 2026 at 18:53
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Central News Agency
(Central News Agency, Hong Kong, 28th, comprehensive foreign news report) Iran has reportedly proposed a plan to reopen the Strait of Hormuz and end an 8-week war. As US President Trump evaluates the proposal, oil prices rose today, while Asian stocks generally fell. At the same time, investors are also preparing for important central bank meetings and earnings reports from Wall Street giants this week.
According to Agence France-Presse, Iran has reportedly submitted a "written message" to Washington via Pakistan, clarifying its bottom line in peace talks, which include Iran's nuclear program and the future of the Strait of Hormuz.
In peacetime, this important waterway carries one-fifth of the world's oil and natural gas, as well as other important bulk commodities.
The White House stated that Trump and his team met yesterday to discuss the proposal, but spokesperson Karoline Leavitt declined to disclose whether Trump would accept the plan.
It is understood that the interim agreement proposed by Iran includes reopening the Strait of Hormuz, on the condition that Washington must stop blockading Iranian ports. The plan also proposes to temporarily suspend more complex negotiations on Iran's nuclear program, which is a major sticking point for Trump.
Hopes for a US-Iran agreement had been rising before last weekend, but Trump's cancellation of his envoys Steve Witkoff and Jared Kushner's trip to Islamabad, the capital of Pakistan, on the 25th, dashed these hopes.
Iranian Ambassador to the United Nations, Amir Saeid Iravani, pointed out at a Security Council meeting that for security guarantees to be provided to the Persian Gulf region, Iran first needs commitments from the United States and Israel not to launch attacks.
However, US Secretary of State Marco Rubio stated that Iran's position on the Strait of Hormuz did not meet US requirements.
Meanwhile, Russian President Vladimir Putin met with Iranian Foreign Minister Abbas Araghchi in St. Petersburg and stated that Russia would do its utmost to help achieve peace in the Middle East.
International oil prices rose by at least 2% today, with Brent crude returning above $110 per barrel, while stock markets performed weakly.
Stocks in Tokyo, Hong Kong, Shanghai, Sydney, Singapore, Taipei, Manila, and Wellington all fell, but Seoul's KOSPI index hit a new record high, benefiting from gains in technology stocks. (Compiler: Yang Zhaoyan) 1150428
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(Central News Agency, Hong Kong, 28th, comprehensive foreign news report) Iran has reportedly proposed a plan to reopen the Strait of Hormuz and end an 8-week war. As US President Trump evaluates the proposal, oil prices rose today, while Asian stocks generally fell. At the same time, investors are also preparing for important central bank meetings and earnings reports from Wall Street giants this week.
According to Agence France-Presse, Iran has reportedly submitted a "written message" to Washington via Pakistan, clarifying its bottom line in peace talks, which include Iran's nuclear program and the future of the Strait of Hormuz.
In peacetime, this important waterway carries one-fifth of the world's oil and natural gas, as well as other important bulk commodities.
The White House stated that Trump and his team met yesterday to discuss the proposal, but spokesperson Karoline Leavitt declined to disclose whether Trump would accept the plan.
It is understood that the interim agreement proposed by Iran includes reopening the Strait of Hormuz, on the condition that Washington must stop blockading Iranian ports. The plan also proposes to temporarily suspend more complex negotiations on Iran's nuclear program, which is a major sticking point for Trump.
Hopes for a US-Iran agreement had been rising before last weekend, but Trump's cancellation of his envoys Steve Witkoff and Jared Kushner's trip to Islamabad, the capital of Pakistan, on the 25th, dashed these hopes.
Iranian Ambassador to the United Nations, Amir Saeid Iravani, pointed out at a Security Council meeting that for security guarantees to be provided to the Persian Gulf region, Iran first needs commitments from the United States and Israel not to launch attacks.
However, US Secretary of State Marco Rubio stated that Iran's position on the Strait of Hormuz did not meet US requirements.
Meanwhile, Russian President Vladimir Putin met with Iranian Foreign Minister Abbas Araghchi in St. Petersburg and stated that Russia would do its utmost to help achieve peace in the Middle East.
International oil prices rose by at least 2% today, with Brent crude returning above $110 per barrel, while stock markets performed weakly.
Stocks in Tokyo, Hong Kong, Shanghai, Sydney, Singapore, Taipei, Manila, and Wellington all fell, but Seoul's KOSPI index hit a new record high, benefiting from gains in technology stocks. (Compiler: Yang Zhaoyan) 1150428
Choose to stand with facts, every sponsorship you make is a force to protect press freedom.
Download the Central News Agency "First-hand News" APP to grasp the latest news in real time.
The text, images, and audio-visual content of this website may not be reproduced, publicly broadcast, or publicly transmitted and used without authorization.