The United States proposed to Iran a deal where Iran would…

The United States proposed to Iran a deal where Iran would relinquish control over the Strait of Hormuz in exchange for the release of $100 billion in frozen assets. However, Iran rejected this offer and insisted on its right to charge fees for maritime passage through the strait. The conflict escalated after military actions by the U.S. and Israel, leading to a temporary closure of the strait and renewed threats from Iran.

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