U.S. Secretary of State Marco Rubio rejected Iran's proposal to reopen the Strait of Hormuz under Iranian control. He said the proposal would impose unacceptable tolls and security risks that threaten global oil supply chains. The Strait of Hormuz, which carries about one-fifth of the world's oil and liquefied natural gas exports, has been effectively closed since the U.S. and Israel attacked Tehran at the end of February. The closure has pushed global energy prices higher and prompted a naval blockade to prevent Iran-linked vessels from passing. The U.S. and Israel's attack on Iran at the end of February triggered the closure, and a ceasefire has largely held since early April. The strait's closure has caused global energy prices to soar, and the U.S. is now also enforcing a naval blockade to prevent Iran-linked ships from navigating Hormuz. Rubio said that if Iran's proposal meant 'yes, the straits are opened, as long as you coordinate with Iran, get our permission, or we will blow you up and you pay us,' that would not be opening the straits. French Foreign Minister Jean-Noël Barrot warned that allowing tolls would set a dangerous precedent, saying 'Access to the seas would be a privilege reserved for the few,' and that straits would become militarized corridors. German Chancellor Friedrich Merz described the U.S. as being 'humiliated' by Iran's leadership. The U.S. remains committed to maintaining free navigation of the Strait of Hormuz, and the current blockade is expected to persist until a diplomatic resolution is reached. Energy markets will continue to monitor the situation closely, as any further disruptions could push prices higher.