Iran has presented regional mediators with a new offer to stop its attacks in the Strait of Hormuz in exchange for a full end to the war and a lifting of the U.S. blockade of Iranian ports, according to officials familiar with the matter.

White House spokeswoman declined to comment on the proposal beyond saying..... ...Trump “will only make a deal that puts the American people first, never allowing Iran to have a nuclear weapon,”

Iran proposed that mediators would then resolve the closure of the strait and help reach an agreement for the management of the critical waterway, the officials said. Iranian officials told mediators that Tehran still aims to have the strait under its control, and only then it would start negotiations on its nuclear program and other issues such as its funding to proxies in the region, the officials said.

However, Raz Zimmt, director of the Iran program at Israel’s Institute for National Security Studies, said such a formula was unlikely to result in a long-term cessation of Iran's nuclear program. “It is clear to all that whatever is not resolved by the end of the war is highly unlikely to be resolved afterward.....: WSJ

Thousands of workers who lost their jobs took to the streets last week in southern China, staging daily protests to demand back pay and compensation from several toy factories that abruptly closed on April 20 as costs for plastic, which is made from oil and natural gas, surged after traffic slowed through the Strait of Hormuz....

Soaring plastic prices have become a problem for China’s toy industry, including for another cluster of manufacturers in Shantou, a city located 190 miles northeast of Hong Kong, which produces a third of the world’s toys: nyt

China’s retail car sales plunged 26% in the first 19 days of April from a year earlier,...after tax incentives expired in December, gasoline-powered cars fared worse, falling by nearly 40%....

Brent crude at highest level in three weeks

(The last time Brent traded above $110 a barrel was on April 7, before Trump’s announcement of a temporary ceasefire pushed prices down sharply. They fell to as low as $86.09 a barrel on April 17)

WTI at $99

BP Profits Double as Iran War Boosts Oil Traders

60-Day War Deadline is here

Some believe the 60-day clock started from the date hostilities began (which would make the deadline April 29), while others cite the text of the law to argue it’s 60 calendar days from the date the White House officially notified Congress (which would put the deadline at May 1).

https://edition.cnn.com/2026/04/25/politics/war-powers-act-trump-iran-war-congress-analysis

(Trump on May 1, Friday Night

JAPANESE TANKER IDEMITSU MARU IS ATTEMPTING TO CROSS THE STRAIT OF HORMUZ - SHIPPING DATA

IDF issues evacuation warning for about 15 villages in southern Lebanon ahead of an attack

WTI CRUDE FUTURES TRADE BACK ABOVE $100

JAPANESE TANKER IDEMITSU MARU CROSSED THE STRAIT OF HORMUZ

SAUDI ARAMCO EXTENDS SUSPENSION OF LPG DELIVERIES THROUGH MAY

UAE DECIDES TO EXIT OPEC AND OPEC+

Oil cartel:

UAE announces to exit OPEC and OPEC+ effective May 1, 2026

UAE ENERGY MINISTER, WHEN ASKED WHETHER SAUDI ARABIA WAS CONSULTED: WE DID NOT CONSULT DIRECTLY WITH ANYONE FOR THE DECISION

Trump: Iran has just informed us that they are in a “State of Collapse.” They want us to “Open the Hormuz Strait,” as soon as possible, as they try to figure out their leadership situation (Which I believe they will be able to do!). Thank you for your attention to this matter!

(instead of Axios, they deployed Trump this time Just minute before Market Open)

IRAN Mission to UN: Iran is not a party to the 1982 UN Convention on the Law of the Sea. Therefore, it is not bound by its treaty-based provisions.

China is poised to resume exporting jet fuel, gasoline and diesel from May, in a move that could significantly ease the worldwide shortages caused by the Iran conflict.

The country’s large state oil companies have applied for export permits to ship fuel in May, according to several trading sources, signalling that a ban that was introduced at the start of the war to protect domestic supplies may be relaxed.

Before the war began, China was exporting almost 800,000 barrels a day of refined fuels, according to data from Kpler. That total roughly halved in April.

(mr too predictable president the truth social strategy failed, SPX down ~1%, Oil Up, so deploy Axios immediately now!, Thank You)

Mediators in Pakistan expect to receive a revised proposal from Iran in the next few days to end the war, after US President Donald Trump indicated that he would not accept an earlier version, sources close to the mediation process told CNN.

(We got CNN instead)