'This is the big gamble': Amanpour untangles Hormuz negotiation nuance

Iran is expected to respond today to the US proposal to end the war, moving closer to an agreement on a short memorandum, sources told CNN. Iran has laid out a set of new rules for ships seeking to cross the Strait of Hormuz, according to a document seen by CNN, as Tehran seeks to cement control over the international waterway.

Iran’s president said he had a lengthy meeting with the country’s new Supreme Leader Mojtaba Khamenei, according to Iranian media, marking the first reported in-person talks between a top Iranian official and Khamenei. Oil prices are falling today after a roller-coaster ride this week. US gas prices remain at $4.50. Meanwhile, energy giant Shell has reported a $1.3 billion jump in profits.

0:00 'Operation trust me bro failed'
0:45 Amanpour unpacks Hormuz negotiations
3:15 Iran to respond to US proposal today
6:00 'Nebulous': Sen Blumenthal reacts to US proposal

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