3 min readUpdated: Apr 29, 2026 05:30 AM IST
US President Donald Trump on Tuesday said that Iran has “just informed” Washington that they are in a “state of collapse” and that Tehran wants America to reopen the Strait of Hormuz “as soon as possible” as the impasse to end the West Asia conflict drags on.
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In a post on Truth Social, Trump said “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!).”
— Rapid Response 47 (@RapidResponse47) April 28, 2026
Iran, in the most recent proposal to end the conflict, had reportedly proposed that US should agree to end the war and remove the blockade of Tehran’s ports, and the Islamic nation would discuss the nuclear programme thereafter.
But Trump wants nuclear issues to be dealt with from the outset, a US official briefed on US president’s Monday meeting with his advisers said, Reuters reported.
However, Trump has not revealed who the US administration has been speaking to in Iran as reports suggest that Supreme Leader Mojtaba Khamenei had been severely injured.
Oil prices rise again
With the stalemate still continuing over the West Asia conflict, the oil prices have resumed to soar with Brent Crude, the international benchmark, rising 3% to $111.40 a barrel, which is a three-week high.
World Bank has predicted that energy prices would rise by 24% in 2026 which would bring the oil prices to its highest levels since Russia’s full scale invasion of Ukraine in February 2022.
Meanwhile, UAE announced on Tuesday that it will quite the OPEC and OPEC+ oil exporting groups in a major setback to the member countries and the groups de facto leader Saudi Arabia.
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This comes as Iran Foreign Minister Abbas Araghchi met Russian President Vladimir Putin in St Petersburg and received words of support from Moscow. Araghchi also visited Oman during his trip.
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