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U.S.-Iran Stalemate Intensifies as Trump Rejects Maritime Deal and Blockade Costs Climb

President Trump rejects a shipping proposal from Tehran as Defense Secretary Hegseth faces questioning over a school bombing and $25 billion in war costs.

April 29, 2026 at 9:30 PM

Tensions between the United States and Iran remain at a deadlock as President Trump officially rejected a proposal from Tehran to ease shipping restrictions in the Strait of Hormuz. The Iranian offer suggested a mutual lifting of maritime barriers in exchange for an end to the U.S. naval blockade and a postponement of nuclear talks. However, the Trump administration has signaled it will continue to prioritize nuclear concessions over maritime relief, with the President stating on social media that Iran must "get smart soon" to reach a deal. On Capitol Hill, Defense Secretary Pete Hegseth faced intense scrutiny during his first congressional hearing since the start of the conflict. Pentagon officials testified that the military operations have cost approximately $25 billion to date, primarily driven by munitions and naval operations. The hearing also addressed a preliminary U.S. military assessment regarding a fatal airstrike on a school. The report indicated that the site was "likely" struck by U.S. forces due to dated intelligence that misidentified the facility as an Iranian military installation. The ongoing U.S. naval blockade continues to exert heavy economic pressure, with at least 39 ships redirected from Iranian ports. While Iran has seized two vessels for alleged restriction violations, its oil exports have been severely crippled, contributing to rising global energy costs. In the region, Israel has ramped up strikes against Hezbollah in southern Lebanon, destroying key tunnel infrastructure near Canara following drone attacks on Israeli contractors. The U.S. has signaled a shift away from immediate diplomatic talks, as evidenced by the cancellation of a high-level negotiation trip to Pakistan.

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