LIVE: Iran war rages, Strait of Hormuz still locked down as U.S. awaits response to peace proposal

March 27, 2026 ,


The Trump administration expects Iran's formal response to its 15-point peace proposal Friday, officials tell CBS News, after Mr. Trump again extended his deadline for Iran to reopen the Strait of Hormuz. With no sign of Tehran easing its blockade of the strait, oil prices were back up and stock values fell.



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