Trump expects Iran talks to restart this week despite Hormuz disagreement

President Donald Trump says he expects negotiations with Iran to restart this week despite rejecting Tehran's latest proposal for reopening the Strait of Hormuz, according to Axios.
Renewed talks could create a path toward reducing disruption around the key oil transit route, although the two sides remain divided over the terms of reopening.
For crude markets, credible progress toward restoring normal Hormuz traffic would reduce supply risk, while another breakdown in negotiations could quickly rebuild the geopolitical premium.